The Tucson Association of Realtors released the October Residential Sales Statistics. The big word is "increase"! Overall sales increased over last month as did list price and new listings! Here are the details:
Total Sales Volume increased this month to $251,340,493. It’s a 1.05% increase from last month’s number of $248,739,868, and a 12.67% increase over October 2014.
Average Sales Price increased to $211,566 from $206,766 in September, resulting in a 2.32% increase.
Average List Price for October is $218,097, an increase of 2.56% since last month.
Total Under Contract increased by 3.27% from September.
Total Unit Sales of 1,188 decreased from September’s number of 1,203, resulting in a 1.25% decrease but is an increase of 12.08% over October 2014.
Median Sales Price increased slightly to $172,825 from $172,000 in September, a .48% increase.
New Listings decreased 1.83% from September.
Total Active Listings of 5,043 is a 2.73% increase from September’s number of 4,909.
Average Days on Market increased to 63 in October from 61 in September.
Conventional loan sales of 35.9% exceed Cash Sales of 28.11% this month.
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