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Tucsonans are fighting sky-high prices

By Jimmy Magahern, Tucson Local Media Contributor

It’s no secret that home prices in Tucson have gotten out of hand. Recent data from the National Association of Home Builders (NAHB) estimate that slightly over 90% of the city’s households are unable to afford a new, median-priced home.

“That’s correct, we are a little higher than some of the areas,” said Cathy Wolfson, president of the Tucson Association of Realtors and an associate broker with Coldwell Banker in Tucson.

“Our median is about $370,000 and the average in Tucson is about $461,000,” she said. In real estate, the median price is the point where half of the homes in an area sell below it and half of the homes sell above, while the average — or “mean” — adds up all of the sales prices and then divides them by the total number of sales. The current U.S. median is around $387,600, according to the NAHB.