The Tucson-area housing market had mixed results in September as home sales by unit and volume declined, according to the Tucson Association of REALTORS® Multiple Listing Service (TAR/MLS). Month-over-month, unit sales and the average sales price decreased; while the median sales price increased.
Housing highlights for September 2014:
- Unit Sales of 1,158 homes in August dropped by 10.36% in September (1,038)
Year-over-year: a 1.24% decrease from September 2013 (1,051 sales)
- Total Sales Volume decreased this month going from $237.5 million in August to $209 million in September an 11.92% decrease
Year-over-year: 5.28% higher than September 2013 ($198.7 million)
- Median Sales Price of $165,000 was 1.23% higher than August ($163,000)
Year-over-year: 6.18% higher than September 2013 ($155,399)
- Average Sales Price of $201,530 was 1.73% lower than last month ($205,084)
Year-over-year: 6.6% higher than September 2013 ($189,042)
- Active Listings of 5,437 were 5.47% higher than August (5,155)
Year-over-year: 15.26% higher than September 2013 (4,717 units)
- Average days on Market decreased to 59 this month from 65 in August
- Conventional Loan Sales of 39.7% exceeded cash sales 26.7%
TAR/MLS Residential Report: https://tucsonrealtors.org/tar-v2/statsSept2014.pdf
TAR/MLS Rental Report: https://tucsonrealtors.org/tar-v2/statsRentSept2014.pdf