Realtor.com® housing trends data and Trend Report® Residential Market Watch, both for December 2025, point to the same theme: the market is giving buyers and renters more choices, while demand stayed steady enough to keep conditions broadly balanced.
TUCSON, AZ (January 29, 2026) -- Tucson closed out 2025 with more inventory on the shelf and a more deliberate buyer, creating a noticeably more negotiable environment. On the supply side, Realtor.com® reported active listings rising 14.2% year-over-year to 2,490 homes in December—faster than the 12.1% national increase—while new listings in Tucson climbed 4.9% to 690, even as new listings nationally slipped 1.8%. Trend Report’s broader Southern Arizona lens showed the expected seasonal slowdown in fresh supply, with new listings down 17% month-over-month to 1,404, but inventory still remained elevated versus last year: 5,292 homes active, up 12% year-over-year, even after a 7% month-over-month dip from November. The result: a market that felt less tight than a year ago, with buyers seeing more options and sellers facing more competition.
Even with that expanded selection, end-of-year demand firmed up, according to Trend Report. Pending sales rose 10% month-over-month to 1,146, and closed sales increased 15% to 1,243, with both metrics higher than last December (+9% pending; +12% closings year-over-year). That steady demand helped keep conditions in a broadly balanced range, with months of supply at 4.26—tightening from November but still consistent with a more even market than the frenzier cycles.
Pricing trends also leaned slightly toward buyers. Realtor.com® put Tucson’s median listing price at $370,000, down 2.0% year-over-year (a larger dip than the 0.6% national decline). Trend Report’s closed-sale pricing echoed that softer tone: the median sale price slipped to $350,000 (-2.2% year-over-year), and the average sale price declined to $425,088 (-5% month-over-month) while remaining slightly higher year-over-year (+0.7%). In other words, both list and sale prices softened modestly, suggesting buyers gained leverage—without a dramatic drop in overall market activity.
Time-on-market signals reinforced that “cooler but healthy” picture. Realtor.com® reported homes in Tucson spent a median 65 days on market, up 10.3% year-over-year (still faster than the 73-day national median). Trend Report similarly showed marketing times rising, with median days on market at 39 across Southern Arizona (+26% month-over-month; +15% year-over-year). Longer marketing windows typically translate into more breathing room for buyers: more time to compare homes, negotiate repairs, and push for concessions, especially when inventory is up.
At the top end, Trend Report found Pima County luxury finished the year with firmer year-over-year performance but increased negotiability. Closed luxury sales totaled 40 (+14% YoY) while months of supply rose to 7.0, a setup that tends to favor patient buyers. Pricing remained resilient: median luxury sale price was $1,344,299 (+7.5% YoY), even as sales activity cooled from November’s surge.
Renters also saw the market normalize into year-end. Trend Report showed active rental listings at 839 (down month-over-month but up 25% YoY) and rents easing: average rent $1,806 (-7.0% YoY) and median rent $1,700 (-8.1% YoY). Leasing volume stayed healthy year-over-year (units rented +20% YoY), but the combination of higher supply and softer rents signaled a more choice-rich environment for tenants.
Bottom line: Realtor.com® and Trend Report® both underscore a 2026 market that’s less pressured and more balanced—with more inventory, slightly softer prices, and longer marketing times—while demand remained steady enough to keep Southern Arizona from tipping into a true downturn. Buyers and renters benefited most by staying informed, moving decisively on the right opportunities, and negotiating from a position of increased leverage.
For more historical data on the Tucson residential market, visit TrendReportAZ.com and "Connect".