Multiple Listing Service of Southern Arizona Monthly Statistics September 2017

Statistics can be very useful by helping us make better, informed decisions.  Take a look at the statistics for Tucson, AZ residential real estate last month.  The average sales price and the median sale price have both increased.  Tucson, AZ is a great place to invest in your future by purchasing a home.  It's also an excellent place for investors and 2nd home purchasers.  If you already own property in Tucson, call for a FREE valuation of your property as well as a market analysis.  Perhaps it's a good time for an upgrade or downgrade?  

• Total Sales Volume of $300,150,958 is down from August’s number of $321,376,738, resulting in a 6.60% decrease, but a 9.01% increase over September 2016.

• The Average Sales Price of $247,649 is an increase of 3.72% from $238,764 last month.

• Average List Price of $252,916 is up 3.39% from August and up 15.17% since September 2016.

• Total Under Contract of 1,651 is an increase of 1.04% since last month. • Total Unit Sales of 1,212 is a decrease of 9.96% since August’s number of 1,346.

• The Median Sales Price rose to $206,915 from $192,000 in August, a 7.77% increase and is up 16.90% from $177,000 in September 2016.

• New Listings are up 18.18% since August.

• Total Active Listings of 3,587 is an increase of 2.49% from 3,500 last month.

• Average Days on Market decreased to 42 this month from 45 last month.

• Conventional loan sales of 45.8% exceeded Cash Sales of 21.6%.