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.