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Tucson's September Real Estate Sales Statistics

By
Real Estate Agent with Long Realty

Tucson September Real Estate Statistics

Tucson's September real estate statistics were FINALLY released yesterday and the numbers look promising. The average sales price is up from the previous month, but pending contracts and active listings are down from August's numbers. Here's the low down, I'm keeping it brief so if you'd like the full stats check out the link at the bottom....

Tucson's average sales price is on the rise! September 2007's average sales price was $279,025, a 2% increase over August's average price of $273,932

                                                       Tucson Average Sales Price through September 2007

 

  


- There were 989 Pending contracts in September, down about 3.5% from August's number of 1,024. Still September 2007 did see a 32% increase in Pending contracts over September 2006

- Tucson had 9,190 active listings in September, a 2.6% increase from August's number of 8,954. When compared to September 2006, the number of active listings in Tucson is down 1.15%

- September had 2,497 new listings, a 6.8% increase over the number of new listings in August. It is however a 14% decrease in the number of new listings from September 2006.

- The number of Tucson home units sold in September was 683, a decrease of 32% from August's number of 1,019

- The average number of days on market increased to 73 during September, a 6% increase from August's number of 69.

 

Tucson Average Days on Market through September 2007

 


From what we see in the September sales statistics, it looks like buyers are getting in the game and making offers on homes! It also means that sellers are negotiating more in order to get the ball rolling. Although the number of available homes and the time they take to sell has increased, the increase in average sales price and pending contracts shows that there's growing confidence in the Tucson home market. As Tucson moves into the cooler months we generally see more interest from out of state visitors looking for the perfect "winter retreat". It's going to be interesting to see if many of these potential buyers take advantage of the Tucson sales market and how it will impact the Tucson sales statistics over the next four months.

Check out more on the latest Tucson Real Estate statistics for September

 

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