Tucson Estates's real estate market is experiencing a price correction, with values down 15.8% from last year. The median home price has fallen to $400,000, a significant 15.8% decrease year-over-year. With 40 active listings, inventory is 150% higher than seasonal norms. Transaction volume is up 133% compared to what's typically expected this time of year. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Tucson Estates market with the affordability index at 189.2. Looking ahead, the Tucson Estates market is expected to maintain its current trajectory with relatively stable conditions.
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