Sales statistics for a region can be very helpful when analyzing the market before one buys or sells property.  Here's a brief breakdown of Greater-Tucson, Arizona residential property sales statistics.

 Total Sales Volume of $274,764,443 is up 15.77% from January’s number of $237,338,796 and up 26.35% from February 2016.

 The Average Sales Price of $225,032 is an increase of 3.63% from last month.

 Average List Price of $230,859 is an increase of 3.92% from last month’s number of $222,156.

 Total Under Contract increased this month by 8.63%.

 Total Unit Sales of 1,221 is up from January’s number of 1,093 resulting in an 11.71% increase from month to month, and an increase of 15.73% since February 2016.

 The Median Sales Price rose 2.72% this month going from $184,000 in January to $189,000.

 New Listings decreased 0.66%.

 Total Active Listings of 3,765 decreased from 3,777 last month and have decreased 25.86% from February last year.

 Average Days on Market for February is 52, up from 50 in January.

 Conventional loan sales of 46.4% exceeded Cash Sales of 27.7%.

For more information on Tucson-area residential housing please don't hesitate to email or call.