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âWeâre in Southern Arizona and the real estate market is hot,â Rogers said.
The median price on homes has increased, while their average days on the market have decreased.Â
The average price on homes is $70,000 higher than last year, said Rogers, while it takes less than a month to sell a home after placing it on the market.Â
Rogers said that while low interest rates and Tucsonâs warm climate in comparison to other places around the nation have contributed to the hot housing market, the most striking element is low inventory.
âWhen you donât have inventory thereâs not much you can do,â Rogers said.