Tucson Real Estate Market Reflects Gloomy Weather for November
As a sun lover, as much as I appreciate the rain, I love, love, love the sunny days of Tucson, Marana, and Oro Valley. It seems for November 2013, the real estate market is looking a bit less sunny as well. Forecasters do expect sales and activity to jump with the new year.
Sales are down all over Tucson in general for the month of November, according to the newest statistics from the Tucson Area Realtors Association.
Total Sales Volume of $178,915,596, has decreased 17.72% from October’s number of $217,449,776. In comparing November 2013 to November 2012, sales volume has actually decreased 1.39%.
Prices are down for average sales from October by a slight amount, 0.35% for November sales.
Listing prices for Homes for Sale Tucson are up 4.83% from a year ago, but they are down 0.87% from last month.
Under contract totals have decreased 2.65% from last month as well as total unit sales, down from 1130 total units to 933 across metropolitan Tucson.
Listings are also down. There were 2136 new listings in October. November showed 1,751 new listings in 2013.
The bright spot for sellers is the median home sales price. In comparing November 2013, median sales prices have risen 10.28% from November 2012.