1. News
 / Modified mar 15, 2015 5:22 p.m.

Tucson's Housing Market Rebounds in February

Number of homes sold jumps after slow January; more improvement expected this month.
by Zachary Ziegler

sonorans buying homes spot
azpm
Listen:

Tucson-area home sales were up 16 percent in February, the Tucson Association of Realtors' monthly report said.

Other key statistics, such as total value of sales and average sales price, also rose. That's an important indicator of a strong market, an association official said.

"Value of homes in our community is continuing to grow and that's what creates a strong economy for us here locally," said association president Henry Zipf. "We're looking forward to that continued growth."

Realty analysts said February's improvement was, in part, because of a large number of pending contracts in January.

The number of pending contracts continued to rise in February, indicating more expansive growth ahead.

MORE: Business, Economy, News, Tucson
By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona