Tucson Residential Housing Market Monthly Statistics July 2016 The MLS of Southern Arizona is a wholly owned subsidiary of the Tucson Association of REALTORS®, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 5,400 professionals in the real estate industry, and is affiliated with the National Association of REALTORS®. REALTOR® is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics. Below are some highlights from the July Residential Sales Statistics:

 Total Sales Volume decreased 20.56%, going from $384,524,826 in June to $305,485,314 in July.

 The Average Sales Price of $218,985 is a decrease of 6.72% from June’s number of $234,752 but an increase of 4% over July 2015.

 Average List Price of $224,771 decreased 6.57% from June’s number of $240,584 but an increase of 3.69% over July 2015.

 Total Under Contract decreased by 7.50% since June.

 Total Unit Sales of 1,395 decreased 14.84% since June’s number of 1,638.

 The Median Sales Price fell to $181,500 this month from $190,000 last month, a 4.47% decrease.

 New Listings decreased to 1,677 from 1,917 in June and are down 4.99% from July 2015.

 Total Active Listings of 3,936 is a decrease of 5.72% since June’s number of 4,175.

 Average Days on Market of 50 is a significant decrease from 57 in June.

 Conventional loan sales of 39.3% exceeded Cash Sales of 21.6%.

These statistics can provide one valuable insight into the Tucson area housing market.  For more information and advice and/or to answer any questions you may have, please call or email Gregory Richman, Realtor at 520-248-1239 / grichman@richmantucsonhomes.com 

Check out Tangerine Crossing located in Marana, AZ.  Marana is a suburb on the North side of Tucson, and is an easy 25 minute drive downtown or to The University of Arizona.

Tangerine Crossing is being built by Richmond American Homes and the homes in this community are a mixture of one and two story models. There are series of homes in Tangerine Crossing; The Premier Series, The Encore Series, The Sterling Series and The Tuscany Series.

Many homes in Tangerine Crossing have excellent views of the Catalina Mountains looking to the east or the Tortolita Mountains right behind the subdivision. Tangerine Crossing is right next door to a large new neighborhood shopping center and only a couple miles from the new hospital in Oro Valley.