Tucson January 2017 Residential Market Statistics

By
Real Estate Broker/Owner with KGC Properties LLC, Tucson Property Management & Real Estate

Highlights from the January Residential Sales Statistics from the Tucson Association of Realtors:

Total Sales Volume of $237,338,796 is a decrease of 14.78% from December’s number of $278,489,391 but an increase of 13.60% over January 2016.

The Average Sales Price of $217,144 decreased 4.17% from last month.

Average List Price of $222,156 is a decrease of 4.75% from last month’s number of $233,223.

Total Under Contract increased this month by 19.46%.

Total Unit Sales of 1,093 is down from 1,229 in December resulting in an 11.07% decrease but is up from January 2016 by 13.26%.

The Median Sales Price jumped 2.79% going from $179,000 in December to $184,000. This is also an increase of 8.30% over January 2016.

New Listings of 2,282 rose from 1,261 in December, an increase of 80.97%.

Total Active Listings of 3,777 increased from 3,752 last month but have decreased 25.87% from January last year.

Average Days on Market for January is 50, up 1 day from December’s 49.

Conventional loan sales of 47.0% exceeded Cash Sales of 24.9%.

Below is the average sales price in January compared to years before - the numbers remain stable from this time to a year ago - and making steady increases since 2011.

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Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this information.  Excellent!  It's most informative.

Feb 15, 2017 06:41 AM #1
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