The Tucson housing market is soaring and reaching numbers close to the highs of almost a decade ago, according to new data from the Tucson Association of Realtors (TAR) and reported by Arizona Public Media.

 This data comes even as the city experiences a month-over-month increase of inventory by 2.5 percent. However, with median-home prices averaging $206,915 in September, which is the highest seen since 2007, the extra availability doesn’t seem to be making a difference.

 The seller’s market status is likely due to the imbalance between when inventory lists and when it sells. For a market to be considered stable, it has around six months of available inventory. Currently, homes prices below $200,000 usually only last a month and a half, per TAR figures. With that sense of urgency, entry prices keep rising and affordability becomes less likely.

 September also saw 1,122 homes for sale in the sub-$200,000 range. Though inventory seems to be increasing monthly as well as year-over-year, the market is getting more competitive. September of 2016 had 443 more inventory options available around town.

 For now, the good news is that interest rates continue to remain steady. Should interest rates increase as some experts are warning, we could see home prices keep rising and perhaps surpass the 2007 heights.