TUCSON, ARIZONA – Tucson Association of Realtors is reporting 2017 was a great year for the Tucson housing market in fact the highest Total Sales Volume in the past ten years. Listing prices and sales prices have continued to grow towards levels not seen since before the recession.
In a snapshot the MLS Year in Review Summary shows total sales volume for 2017 is $3,773,311,675, an increase of 3.31% over 2016. The total unit sales and total units listed were a little less than 2016, but much of that was attributed to the change in market area. The average list and sold prices were up. Days on market as well as cumulative days on market saw a significant decrease again this year. All of these factors are indicative of the high demand and low inventory, and point to an economic recovery in Tucson. Average percentage of list price received on sales continued to increase again this year and continues to be the highest it has been in over 10 years.
The full 2017 Tucson Housing Market year in review report can be viewed here: TAR Stats Year End 2017