February 2018 Tucson Housing Sales Volume and Price Continue to Rise

Below are some highlights from the February Residential Sales and Rental Statistics:

• Total Sales Volume of $270,019,575 is up from last month’s number of $227,851,861 a 51% increase.

• The Average Sales Price of $249,095 is an increase of 2.33% from $243,431 in January.

• Average List Price increased to $255,269 from $249,970 last month, a 2.12% change.

• Total Under Contract increased from 1,823 in January to 1,998 this month.

• Total Unit Sales of 1,084 are up 15.81% from January’s 936 but are down 2.61% from February 2017.

• The Median Sales Price of $207,000 rose from $200,000 last month, a 3.50% increase and is up 6.70% from this time last year when it was $194,000.

• New Listings decreased to 1,776 from 2,019 last year, a 12.04% drop.

• Total Active Listings of 3,293 is down 2.43% from 3,375 in January.

• Average Days on Market held at 49, exactly what is was last month.

• Conventional loan sales of 42.7% exceeded Cash Sales of 27.8%.

• The Average Monthly Rent for Single Family Residence’s was $1,277.

• The Average Monthly Rent for Townhomes was $919.

More detailed information is available on our website, TAR Housing Statistics.

For full February Sales Stats click here: February 2018 Tucson Housing Stats

For February Rental statistics click here: February 2018 Rental Stats