September housing report: Year-over-year improvements taking hold
Quick Click: September TAR/MLS Residential Report
Other than a decline in the number of homes for sale in September, the Tucson region’s September housing market recorded another month of continued slow improvement year-over-year.
The Median Selling price is now 4.2% higher than a year ago with the Average Selling Price gaining a modest 2.6%. Year-to-date unit sales have soared 10.7% and now stand at 11,216 closings compared to 10,131 a year ago, according to new data from the Tucson Association of REALTORS® Multiple Listing Service (TAR/MLS).
Long term, the metrics indicate that the region’s housing market is moving closer to normal conditions.
YEAR-OVER-YEAR HIGHLIGHTS MONTH-OVER-MONTH HIGHLIGHTS
|
Category |
Sept 2015 |
Sept 2014 |
Change |
Category |
Sept |
August |
Change |
|
|
Unit Sales |
1,203 |
1,038 |
15.9% |
Unit Sales |
1,203 |
1,276 |
-5.7% |
|
|
Total Sales Volume |
$248.7M |
$209.2M |
18.9% |
Total Sales Volume |
$248.7M |
$269.3M |
-7.6% |
|
|
Median Sales Price |
$172,000 |
$165,000 |
4.2% |
Median Sales Price |
$172,000 |
$173,250 |
-0.7% |
|
|
Average Sales Price |
$206,766 |
$201,530 |
2.6% |
Average Sales Price |
$206,766 |
$211,068 |
-2% |
|
|
Active Listings |
4,909 |
5,427 |
-9.7% |
Active Listings |
4,909 |
4,758 |
3.2% |
|
|
Pending Contracts |
1,774 |
1,683 |
5.4% |
Pending Contracts |
1,774 |
1,846 |
-3.9% |
|
|
YTD Unit Sales |
11,216 |
10,131 |
10.7% |