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“We’re in Southern Arizona and the real estate market is hot,” Rogers said. The median price on homes has increased, while their average days on the market have decreased.  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.  Rogers said that while low interest rates and Tucson’s warm climate in comparison to other places around the nation have contributed to the hot housing market, the most striking element is low inventory. “When you don’t have inventory there’s not much you can do,” Rogers said.

United statesOro valleyTown of oro valleyCalle concordiaPaul melcherDaniel casmerDoug mosekeJoanna bradleyRandy rogersArizona department of transportationTucson associationEconomic development strategyEconomic developmentOro valley economic outlookSouthern arizonaAnjela salyer