Realty Executives Arizona Territory

Jesse Lapham

AZDRE# SA653894000 (520) 870-1142

Jesse Lapham

ABR, RENE, AHWD

Realty Executives Arizona Territory

Blog

Pima County Market Update: August 3rd 2026

(Published on - 8/3/2026 3:31:41 PM)

Pima County real estate market update for August 3, 2026

Every Monday, I take a look at the latest Pima County housing numbers.

Not because the market suddenly becomes completely different from one Monday to the next, but because watching the movement over several weeks often tells us more than any single report can.

And lately, the story has been fairly consistent.

The median list price has gradually moved down from around $425,000 earlier this summer to $400,000 this week. Homes are also taking a little longer to sell, and the percentage of listings reducing their price continues to hover near 45%.

At the same time, inventory has not surged, and the Market Action Index has barely moved.

That is why I would describe this as a market that is adjusting—not one that has suddenly shifted entirely in favor of buyers or sellers.

This Week’s Pima County Market Snapshot

  • Median list price: $400,000
  • Median price of new listings: $390,250
  • Price per square foot: $224
  • Median days on market: 70
  • Average days on market: 111
  • Listings with a price reduction: 45%
  • Listings with a price increase: 2%
  • Relisted homes: 9%
  • Active inventory: 3,154 homes
  • Median rent: $1,900
  • Market Action Index: 35
  • Overall market position: Slight seller’s advantage

So, What Has Actually Changed?

The most noticeable change over the past couple of months has been the gradual movement in asking prices.

We are not seeing one dramatic weekly drop. Instead, the median list price has been slowly working its way lower.

We have also watched median days on market move from the low 60s to around 70 days. That may not sound like a major difference, but it supports what we are seeing elsewhere: buyers are taking more time and being more selective.

What has not changed very much is the overall balance of the market.

The Market Action Index has stayed in the mid-30s for several weeks. It was around 36 earlier in the summer and is now 35. That still gives sellers a slight advantage, but it is not a strong seller’s market where buyers are expected to overlook condition or accept any asking price.

Inventory has also remained relatively steady. It has moved up and down from week to week, but we have not seen the large increase that would normally signal a sudden swing into a strong buyer’s market.

The Number I Keep Watching

Nearly half of the homes currently for sale have reduced their price.

That percentage has remained remarkably consistent over the past several weeks—generally somewhere between 44% and 46%.

To me, that is one of the clearest signs of what is happening.

Buyers have not disappeared. They are still purchasing homes. But they are paying attention, comparing their choices and pushing back when a home does not appear to offer the right value.

This is not a market that has stopped. It is a market that is making sellers prove their price.

What Does This Mean If You Are Selling?

If we were sitting at your kitchen table talking about selling your home, I would not tell you the market is bad.

I also would not point to the words “slight seller’s advantage” and promise that selling will be easy.

I would want to look at what has happened in your neighborhood, what you would be competing against and how buyers are responding to homes similar to yours.

The fact that asking prices have been gradually moving lower does not mean every home is losing value. It means sellers need to be more realistic about where buyers see value today.

A home that comes onto the market at a price buyers can understand may still receive good attention. A home that starts too high can lose its early momentum and eventually become one of the 45% that has to reduce its price.

That does not mean pricing low.

It means pricing with a plan.

What Does This Mean If You Are Buying?

Buyers have more room to be thoughtful than they did in a much faster market.

There may be opportunities with homes that have been sitting longer, reduced their price or returned to the market. But that does not mean every seller is desperate or that every home should receive a deeply discounted offer.

Inventory is still limited enough that a well-priced home in good condition can attract strong interest.

The strategy needs to match the property.

I would never tell a buyer, “The market is cooling, so offer whatever you want,” any more than I would tell a seller, “Inventory is limited, so you hold all the cards.”

Neither statement tells the entire story.

Countywide Numbers Are Only the Starting Point

It is important to remember that this report looks at Pima County as a whole.

Pima County covers a very large and diverse area with many different communities, price ranges, property types and individual subdivisions. A countywide median can help us understand the general direction of the market, but it cannot tell us exactly what is happening in every neighborhood.

One part of Tucson may have very limited inventory and homes selling quickly, while another area may have more competition, longer market times and frequent price reductions.

Even two nearby subdivisions can behave very differently depending on price, condition, amenities and buyer demand.

So, while these weekly numbers are helpful, they are really the beginning of the conversation—not the final answer.

The Bigger Picture

Over the last several weeks, asking prices have moved lower, homes have taken a little longer to sell and price reductions have remained common.

What we have not seen is a dramatic increase in inventory or a major change in the Market Action Index.

Put those pieces together, and this looks less like a market falling apart and more like one slowly finding its balance.

That is why weekly statistics are useful—but only when we compare them with what we have been seeing over time.

Real stats tell a much better story than national headlines. But even the statistics need context.

Real estate is local—and sometimes it is local down to the individual subdivision.

If you are seriously considering buying or selling, let’s look more closely at the area you are in or the neighborhoods you are considering. That is where the information becomes much more useful and specific to the decision you are actually trying to make.

I would be happy to sit down with you, look at the numbers and help you understand what they mean for your situation.

View the Full Market Report

The countywide statistics referenced in this update are provided by Altos Research. You can review the complete Pima County market report and its supporting data here:

View the full Pima County market report

Market information is a countywide snapshot and may not reflect conditions within a specific neighborhood, subdivision, property type or price range.


Jesse Lapham
Real Estate Specialist for Tucson & Surrounding Areas
Realty Executives Arizona Territory
520-870-1142
Tucson@azjesse.com


I Got a Phone Call Today: Should You Wait to Buy a Home?

(Published on - 7/30/2026 7:28:51 PM)

I Got a Phone Call Today: Should You Wait to Buy a Home?

I got a phone call today from a buyer I’ve been working with.

They’ve been taking their time, watching the market, looking at homes, and trying to decide when the timing feels right.

After hearing the Federal Reserve had left interest rates unchanged, they called with a simple question.

“The Fed didn’t lower interest rates. Should I reconsider buying right now?”

It was a fair question.

But instead of talking about the Federal Reserve, mortgage rates, or what an economist thinks might happen six months from now, I asked a different question.

“What changed for you today?”

There was a brief pause.

Not because it was a trick question.

Because it shifted the conversation back to what really matters.

Did your job change?

Did your income change?

Did your savings suddenly disappear?

Did your reason for wanting to own a home change?

Or did today’s announcement simply make you pause because of a headline?

Interest rates matter. They affect what a home costs each month and what comfortably fits into your budget. They deserve to be part of the conversation—but they shouldn’t be the entire conversation.

That’s why I think many people may be asking the wrong question.

People often ask me:

“Is now a good time to buy?”

Like so many questions in real estate, my answer usually begins the same way.

It depends.

I know that’s not the simple answer people are hoping for.

Most people want someone to tell them exactly what to do.

Buy now.

Wait six months.

Rates are coming down.

Prices are going up.

The truth is, none of us knows what the market will do next.

And even if we did, the answer still wouldn’t be the same for every buyer.

That’s why I think there’s a better question.

Instead of asking:

“Is now a good time to buy?”

Ask:

“Is now the right time for me to buy?”

Those are two very different conversations.

One is about trying to predict the market.

The other is about understanding your life.

And that means we have to start with your situation.

Before we ever look at homes, I want to understand you.

What is your current living situation?

Are you tired of renting?

Do you need more space?

Are you planning to stay in Tucson for several years?

Have you looked into what buying might actually cost?

You might be surprised.

One of the biggest misconceptions I hear is that buyers need a 20% down payment or tens of thousands of dollars saved before they can even think about buying.

Sometimes that’s true.

Often, it isn’t.

That’s exactly why I encourage buyers to talk with a trusted lender early in the process.

Before deciding buying isn’t possible, let’s find out what your options actually are.

I’ve had conversations with people who thought they were years away from buying, only to discover they were much closer than they realized.

I’ve also had conversations where the best advice was to wait.

Both conversations were worthwhile because they were based on facts instead of assumptions.

From there, we can talk about what monthly payment feels comfortable—not simply what you might qualify for.

Because before anyone writes an offer, the math has to math.

Not just the payment.

The timeline.

The maintenance.

The repairs.

And how that home fits into your life.

Sometimes the timeline changes everything.

One of the first questions I ask buyers is:

“How long do you think you’ll own this home?”

That answer changes more than most people realize.

Not long ago, I worked with a young couple buying their first home.

They expected to own it for only about two years.

That immediately changed how we approached the transaction.

The home checked a lot of boxes—but it wasn’t perfect.

The roof was nearing the end of its life.

The air conditioner needed attention.

The pool also needed repairs.

Because they planned on owning the home for such a short period, we couldn’t think only about getting them to the closing table.

We also had to think about what could happen when it was time for them to sell.

So we negotiated.

We talked through which repairs made sense to request, which expenses could be addressed before closing, and which responsibilities my buyers were comfortable taking on themselves.

Because they were financing the purchase, we also had to work within the rules that come with a mortgage transaction.

Was it a perfect house?

No.

Very few are.

Was it a perfect transaction?

No.

Those are pretty rare, too.

But my buyers understood exactly what they were buying.

They understood the home’s condition, the trade-offs, and why we negotiated the way we did.

Most importantly, they were comfortable with the decision they made.

To me, that’s a successful transaction.

Waiting is also a decision.

I completely understand why buyers say they’re waiting for lower interest rates.

Maybe that’s the right decision.

But waiting is a decision, too.

And every decision has trade-offs.

Historically, lower mortgage rates often bring more buyers back into the market.

More buyers can mean more competition, and more competition often means fewer opportunities to negotiate.

Could rates come down?

Absolutely.

Could waiting work out in your favor?

Absolutely.

Could you also find yourself competing with more buyers for the same home?

That’s possible, too.

I’m not saying that to convince anyone to buy today.

I’m saying it because waiting isn’t neutral.

It has potential benefits, costs, and trade-offs, just like buying does.

This is where the right team matters.

A trusted lender helps you understand financing.

Loan programs.

Monthly payments.

Down payment options.

Closing costs.

My job is different, and honestly, it’s the part I enjoy most.

My job is to ask questions.

To listen.

To explain the process.

To help you understand the trade-offs.

To negotiate on your behalf.

And sometimes, my job is to tell you that now isn’t the right time to buy.

I’m completely okay with that.

Because my goal isn’t to convince someone to buy a house.

My goal is to help them make a decision they’ll still feel good about years from now.

That is also how I measure success.

For me, success has never been about the number of transactions I’ve closed.

Success is knowing my clients felt heard, understood, and included in every decision.

It is knowing they were educated rather than pressured.

It is knowing they understood the options in front of them and felt confident in the decision they made.

When a past client trusts me enough to introduce me to a friend, family member, or coworker, that’s one of the greatest compliments I can receive.

Not because I sold them a house.

Because I earned their trust.

Before we hung up, we came back to where the conversation started.

We talked about interest rates.

We talked about monthly payments.

We talked about affordability.

We talked about what today’s announcement might mean.

But throughout the entire conversation, we kept coming back to one simple question.

“What changed for you today?”

Did today’s news actually change your world?

Did it change your goals?

Did it change what you can comfortably afford?

Or did it simply make you pause because of a headline?

If something really changed, then let’s dig a little deeper.

Let’s talk about it.

Let’s understand why.

If nothing changed, then maybe today’s announcement is simply one more piece of information—not the decision itself.

Buying a home is one of the biggest financial decisions many people will ever make.

It deserves more than a headline.

It deserves an honest conversation about your goals, your finances, your timeline, and your options.

That’s the conversation I had today.

And it’s the conversation I’m always happy to have.


New here?

If this story resonated with you, you’re exactly why I built this website.

My Start Here page is the best introduction to how I approach real estate, why I ask the questions I do, and how these stories fit together.

Whether you’re buying, selling, or simply exploring your options, you’ll find practical guidance designed to help you make informed decisions—not pressured ones.

Start Here →


What Makes This Corona de Tucson Home Different?

(Published on - 7/28/2026 7:59:12 PM)

Just Listed

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513 S Stone Bench Drive

Corona de Tucson, Arizona

3 Bedrooms
2 Bathrooms
2-Car Garage
Backs to Common Area Wash
Vail School District

Range Priced: $315,000–$325,000

View PhotosTake the 3D TourSchedule a Private Showing


A Floor Plan You Don't See Every Day

Some homes stand out because of a remodeled kitchen. Others because of a resort-style backyard. This home offers something buyers don't often find—a thoughtfully designed split-bedroom floor plan where none of the bedrooms share a wall with another bedroom, providing exceptional privacy while maintaining an open, inviting living space.

513 LV

 

Vaulted ceilings and an open great room create an ideal gathering space, while the kitchen features Corian countertops, raised cabinetry, a center island with breakfast bar, stainless steel appliances, and plenty of workspace for everyday living or entertaining.

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Step outside to a covered patio overlooking a backyard that backs directly to a common area wash, offering added privacy with no rear neighbors. Additional features include upgraded laminate flooring, surround sound, a water softener, mountain views, and a two-car garage.

BY 513

Located in the highly regarded Vail School District and close to parks, shopping, and everyday conveniences, this home offers a combination of privacy, thoughtful design, and value that's becoming increasingly difficult to find.

 


Schedule Your Private Showing

If you'd like additional information, have questions about the home, or would like to schedule a private showing, I'd be happy to help.

Jesse Lapham, Realtor®
Realty Executives Arizona Territory
Office: 6444 E. Tanque Verde Road
Tucson, AZ 85715
Direct: (520) 870-1142
Email: Tucson@AZJesse.com
Website: AZJesse.com

Whether you're just beginning your home search or ready to schedule a tour, feel free to call, text, or email anytime.


People First: What a Realtor Really Does Behind the Scenes

(Published on - 7/14/2026 8:02:39 PM)

This Job Isn’t About Opening Doors: Why Real Estate Is Always About People First

Jesse Lapham and Rex illustrating how an experienced Tucson Realtor educates, markets, negotiates, communicates, and puts people first.

When people think about what a Realtor does, one image often comes to mind: someone unlocking the front door of a home.

I understand why. Showing homes is one of the most visible parts of real estate. It is what people see on television, in movies, and across social media.

But opening the door is only the part you see.

Whether I am representing a buyer or a seller, my role is much broader. It includes educating, marketing, negotiating, communicating, managing details, solving problems, and helping people make informed decisions during one of the biggest financial and emotional transitions of their lives.

Real Estate Is Not One-Faceted

A Realtor does not have just one job.

On one transaction, I may be helping a buyer understand neighborhoods, compare properties, evaluate potential concerns, review market value, structure an offer, and decide whether a home truly supports their long-term goals.

On another, I may be helping a seller prepare a property for the market, determine the right pricing strategy, create a marketing plan, attract qualified buyers, evaluate competing offers, negotiate terms, and navigate inspections, appraisals, and closing.

The responsibilities may look different depending on whom I represent, but the goal remains the same: to provide the knowledge, guidance, and advocacy my client needs to move forward with confidence.

Representing Buyers Is About More Than Showing Homes

At the beginning of a home search, it can sometimes appear that an agent’s role is simply to schedule appointments and open doors.

But before we ever arrive at a property, there should already be important conversations taking place.

What does the buyer truly need? What would simply be nice to have? How does the location affect their daily life? Does the home appear reasonably priced? Are there concerns that may affect insurance, financing, maintenance, or future resale value?

My job is not to convince someone to buy a home.

My job is to help them evaluate the opportunity clearly.

Sometimes that means encouraging a buyer to act decisively when the right home becomes available. Other times, it means helping them recognize that a property is not the right fit and that walking away may be the best decision.

A buyer deserves more than access to a lockbox. They deserve someone who will educate them, advocate for them, negotiate on their behalf, and protect their interests throughout the process.

Representing Sellers Requires Strategy

Selling a home is also about much more than placing a sign in the yard and uploading a listing to the internet.

Marketing matters. Pricing matters. Presentation matters. Timing matters. Communication matters.

Before a property reaches the market, there are important decisions to make about preparation, condition, photography, positioning, and price. Once it is active, the marketing strategy must help the home stand out to the right buyers—not merely appear online.

When offers arrive, the highest price is not always automatically the strongest offer. Financing, contingencies, concessions, timelines, inspections, appraisals, and the buyer’s overall ability to perform must all be considered.

A seller needs someone who can look beyond the number on the first page and help them understand the complete offer.

That is where experience, communication, and negotiation become especially important.

Passing a Test Is Only the Beginning

Every licensed real estate agent completes required education and passes an examination.

That provides a foundation, but it does not create experience.

Experience comes from years of working with real people in real situations.

It comes from years of negotiations, inspections, appraisals, financing challenges, contract questions, changing markets, unexpected delays, difficult conversations, and problems that rarely unfold exactly the way they do in a classroom.

It also comes from continuing to study the market beyond the minimum education required to maintain a license.

The market changes. Consumer expectations change. Technology changes. Financing programs, insurance concerns, marketing strategies, and negotiation conditions change.

A professional should continue learning because clients deserve more than the minimum.

Working With People Is One of the Most Important Skills

Real estate transactions involve many different people.

Buyers, sellers, lenders, inspectors, appraisers, contractors, title professionals, attorneys, and other agents may all be involved in moving one transaction toward closing.

Each person communicates differently. Each person has different motivations, concerns, expectations, and pressures.

Knowing contracts and market statistics is essential, but knowing how to communicate with different personalities is also a major part of the job.

Sometimes a client needs detailed information. Sometimes they need perspective. Sometimes they need reassurance. Sometimes they need someone who is willing to have an honest conversation and say that a particular decision may not be in their best interest.

That ability is developed through years of listening, communicating, negotiating, and building relationships.

The Work You Do Not Always See

Much of a Realtor’s work happens behind the scenes.

It may be researching comparable properties, reviewing documents, following up with another professional, coordinating deadlines, preparing marketing, solving an inspection concern, checking on financing, explaining contract language, or anticipating an issue before it becomes a larger problem.

Clients may not see every phone call, email, conversation, or piece of research—and they should not have to manage all of it themselves.

Part of my responsibility is to organize the moving pieces, communicate what matters, and help make a complicated process feel more manageable.

People First, Always

After more than a decade in real estate, the most important lesson I have learned is that this business is not really about houses.

It is about people.

It is about the first-time buyer who is excited but unsure of what to expect.

It is about the family that needs more space.

It is about the seller preparing to leave a home filled with years of memories.

It is about someone relocating to an unfamiliar community, simplifying their life, investing for the future, or beginning an entirely new chapter.

Every client has a different story. Every transaction is unique.

That is why a one-size-fits-all approach does not work.

My job is to listen first, understand what matters, provide honest information, and help each person make the decision that is right for them.

The Door Is Only the Beginning

Yes, I open doors.

But that has never been the whole job.

The real job is helping buyers recognize which opportunities are right for them.

It is helping sellers position their homes for the strongest possible outcome.

It is educating, marketing, negotiating, communicating, managing details, and solving problems.

Most importantly, it is helping people move forward with clarity and confidence.

The homes may change.

The people always come first.


Thinking About Buying or Selling in the Tucson Area?

Whether you are preparing to purchase your first home, considering selling, relocating to Southern Arizona, or simply trying to understand your options, I would be happy to be a resource.

Our first conversation does not have to be about starting a transaction. It can simply be about your goals, your questions, and what makes the most sense for you.

Jesse Lapham, REALTOR®
ABR®, RENE, AHWD®
Realty Executives Arizona Territory
From Consultation to Keys™

Phone: (520) 870-1142
Email: Tucson@azjesse.com
Website: AzJesse.com


Don’t Just Pass Go here’s why owning can change your financial future.

(Published on - 1/7/2026 9:38:49 PM)

 

Don’t Just Pass Go: Why Homeownership in Tucson Beats Renting Every Time

Think about the last time you played Monopoly. If you went through the game never buying a single property, what happened? You circled the board, collected your $200 at “Go,” paid rent whenever you landed on someone else’s space, and crossed your fingers when you picked up a Chance card. In the end, you probably lost.

Real life works a lot like that. If you rent long-term and never take the leap into homeownership, you’re always paying someone else’s mortgage. You face the same unexpected expenses life throws at everyone, but you never build an asset of your own.

That’s why I believe homeownership is the quickest, safest, and most reliable way to build financial stability here in Tucson. Let’s break it down.

Renting vs. Owning in Tucson: A Real Story

A few years back, I helped a client who had rented the same Tucson apartment for 14 years. When she finally bought a modest three-bedroom home, her monthly mortgage was the same as her old rent payment.

Fast forward about seven years. Rent at her former apartment complex is now about $400 more per month than her mortgage. Meanwhile, she’s built a substantial amount of equity in her home—equity she’s already been able to use to accomplish personal goals she never thought possible.

Why Homeownership Builds Wealth

Equity = Forced Savings

Every mortgage payment reduces your loan balance and builds equity. As home values appreciate, your net worth often grows even faster.

Stability and Predictability

Unlike rent, which can rise annually, a fixed-rate mortgage offers long-term payment stability.

Community Investment

Homeowners tend to put down roots, improving neighborhoods and building pride of ownership across Tucson.

Future Flexibility

Sell and use your equity for the next home, or consider converting a starter home into a rental to build additional wealth.

But What About the Hurdles?

  • Down payment and closing costs exist, but Tucson buyers can explore down payment assistance programs and seller concessions.
  • Maintenance and repair risk can be offset with home warranties and an emergency reserve.
  • If you plan to stay at least three to five years, the long-term benefits of owning often outweigh renting.

Tucson Market Snapshot

Median list price (Pima County, Sept 2025): $415,900

Median rent: $1,875

Note: “Median” means the middle point—half of homes or rentals are priced above this number and half below. It differs from an average, which can be skewed by unusually high or low values.

Myth vs. Fact

Ready to Stop Just Passing Go?

If you’ve considered buying but felt the hurdles were too big, let’s talk. Often, the obstacles are smaller than they seem once you sit down with a trusted REALTOR® and a lender.

Send Jesse a no-pressure consultation email

Jesse Lapham • Realty Executives Arizona Territory • 520-870-1142 • Tucson, AZ

References

  • Federal Reserve, Survey of Consumer Finances (homeowner vs. renter median net worth).
  • National Association of Realtors, Homeownership and Wealth Creation (homeowner wealth multiples).
  • Urban Institute, analyses on the wealth gap between homeowners and renters.
  • Harvard Joint Center for Housing Studies, long-horizon outcomes of owning vs. renting.
  • Pima County Market Update (Sept 29, 2025), median list price and rent figures.

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