TAR Reports Declining Home Sales for September

TARIconThe 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