Below are some highlights for residential real estate in Tucson, AZ for the month of December, 2015.
Total Sales Volume increased significantly in December to $264,001,833, a 38.64% rise from last month’s number of $190,421,972.
The Average Sales Price rose to $211,709 from $209,485 in November, resulting in a 1.06% increase.
Average List Price for December is $217,610, which is an increase of 2.11% since last month.
Total Under Contract decreased this month by 11.73% but has increased 23.47% over December 2014.
Total Unit Sales of 1,247 is an increase of 37.18% from last month, and is an increase of 15.89% from December 2014.
The Median Sales Price increased 4.14%, going from $169,000 in November to $176,000 in December.
New Listings decreased 7.72% from November.
Total Active Listings of 4,888 is a decrease of 4.08% since November’s number of 5,096.
Average Days on Market decreased to 59 in December from 60 in November.
Conventional loan sales of 34.8% exceeded Cash Sales of 28.0% this month.