V.I.P Market Update
Courtesy of Rob Purvis - V.I.P Mortgage
NAVIGATING THE 2025 REAL ESTATE MARKET: WHAT TO EXPECT
August 2025
The Tucson housing market continues to show signs of strength and resilience, even as it moves through a seasonal cooling period typical for this time of year. In July 2025, the median sale price settled at $354,050 — a slight 3% dip from last year — while the average sale price held firm at $426,647. Buyers are still active, particularly in the $300,000 to $400,000 range, which represented the highest number of sales. While total sales dipped 3.7% year-over-year, the market remains dynamic, supported by steady demand and a manageable 3.94 months of inventory, keeping Tucson in a balanced zone. Homes are taking slightly longer to sell, with a median of 38 days on the market, providing buyers a bit more breathing room — but well-priced, well-presented properties are still moving quickly.
For prospective homebuyers, this presents an opportunity. Slight price softening combined with rising inventory levels offers more choices and improved negotiating power, especially as sellers adjust to evolving market conditions. As mortgage professionals, we see this as a window for strategic home purchases: today’s buyers benefit not only from increased selection, but also from our ability to secure competitive financing options that align with their goals. In a city like Tucson, where affordability and lifestyle meet, the long-term benefits of homeownership continue to outpace short-term market fluctuations — and this season may prove to be a smart entry point for savvy buyers.