The Tucson area MLS statistics show that at least for now, the word is "increase" - sales volume, list prices and and average sales prices - all increased. This is good news for sellers!
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Below are some highlights from the Tucson Association of Realtors - December Residential Sales Statistics:
Total Sales Volume of $278,489,391 is an increase of 1.16% from last month’s number of $275,287,830 and an increase of 5.49% over December 2015.
The Average Sales Price increased 4.21% to $226,598 from $217,446 in November.
Average List Price of $233,223 is an increase of 4.53% from November’s number of $223,119.
Total Under Contract decreased by 11.12% this month.
Total Unit Sales of 1,229 decreased this month by 2.92% from 1,266 in November and decreased 1.44% from December 2015.
The Median Sales Price of $179,000 is down from November’s number of $184,900 resulting in a 3.19% decrease.
New Listings of 1,261 are a decrease of 26.98% from 1,727 in November and a 21.87% decrease since December 2015.
Total Active Listings of 3,752 decreased from 4,067 in November and have decreased 23.24% from December 2015.
Average Days on Market for December is 49.
Conventional loan sales of 46.9% exceeded Cash Sales of 23.7%.