Here's Tucson, AZ's home sales statistics for the month of Dec, 2017.  Statistics are a good thing to keep an eye on as they can be enlightening and help one make better, informed decisions.  

H.G. Wells wrote that, “statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write.” Florence Nightingale, who pioneered nursing as we know it today, took that sentiment further:

“Statistics…is the most important science in the whole world: for upon it depends the practical application of every other science and of every art; the one science essential to all political and social administration, all education, all organization based upon experience, for it only gives the results of our experience.”

Data is everywhere. If you want to navigate the world properly, you need to have a handle on statistics.

Please don't hesitate to call or email to discuss the implications of these statistics.  It's part of my job to provide a property buyer and/or seller with all they information they need and want.  

Below are some highlights from the December Residential Sales Statistics:

• Total Sales Volume of $276,914,274 is down slightly from November’s number of $279,460,100, resulting in a .91% decrease but is up 6.86% over December 2016.

• The Average Sales Price is up .69% from last month.

• Average List Price of $255,058 is an increase from last month’s number of $252,533, resulting in a 1% rise.

• Total Under Contract of 1,290 is a decrease of 15.74% since last month.

• Total Unit Sales of 1,116 decreased 1.59% from November’s 1,134.

• The Median Sales Price, $205,000, is down from $207,527 in November resulting in a 1.22% decrease but a 14.53% increase over December 2016.

• New Listings decreased to 1,272 from 1,494 in November, but rose 11.97% over December 2016.

• Total Active Listings of 3,453 is a decrease of 4.38% from last month.

• Average Days on Market of 46 is an increase from November’s number of 44.

• Conventional loan sales of 44.5% exceeded Cash Sales of 25.9%.