Highlights of Tucson’s Residential Housing Market for January 2019:
*** Watch the video below ***
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with 
Tucson’s monthly housing report. The numbers are out for the Tucson residential housing market report for January 2019.
In January 2019, the Tucson housing market inventory levels increased slightly. Inventory levels remain low and the Tucson housing market remains stable and strong! Although the housing market slowed slightly during the holidays, which is normal, the housing market in Tucson for 2019 is predicted to remain strong.
Average days on the market…
44 days!
Check out what home prices are doing in Tucson, AZ for January 2019.
Tucson Market Report Highlights:
- Total Sales Volume of $241,045,819 is down from $271,858,079 in December resulting in an 11.33% decrease but up 5.79% from last year.
- The Average Sales Price of $258,910 is an increase of 3.05% from $251,255 last month and up 6.36% from January 2018.
- Average List Price of $264,916 is an increase of 3.27% from $256,519 in December.
- Total Under Contract of 1,629 is an increase of 35.41% since December’s number of 1,203.
- Total Unit Sales of 931 is a decrease of 13.96% since last month’s number of 1,082.
- The Median Sales Price of $218,000 increased by 6.34% from $205,000 in December.
- New Listings of 2,168 have dramatically increased by 68.72% from 1,285 in December.
- Total Active Listings of 3,283 have increased since 3,212 last month.
- Average Days on Market increased from 40 to 44 this month.
- Conventional loan sales of 49.0% exceeded Cash Sales of 23.5%.
These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?
Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for January 2019.
CLICK ON THE CHARTS BELOW TO SEE THEM BIGGER.
Closed Home Sales
Total real estate sales in Tucson for the month of January 2019 were 931 units sold. Which was down by 13.96% from the previous month as shown in the chart above.
Average Homes Sales Price
In January 2019, the average sales price of a home in Tucson, Arizona was $258,910. Which was an increase of 3.05% from the previous month as shown in the chart above.
Median Home Sales Price
In January 2019, the median sales price of a home in Tucson, Arizona was $218,000. Which was an increase of 6.34% from the previous month as shown in the chart above.
Average Days On Market
In January 2019, the average days a home was on the market was 44 days. Which was 4 days more than the previous month and 5 days less than the previous year as shown in the chart above.
Active Home Listings
The number of active listings in Tucson, Arizona in the month of January 2019 was 3,283 listings, which is a .02% increase from the previous month as shown in the chart above.
Active listings and home inventory numbers is a key indicator to keep an eye on.
If this downward or even slight increase in inventory continues, look for the Tucson housing market to continue to be strong and home prices to move up creating a sellers’ market in Tucson, Arizona.
HOME BUYERS
As home inventory levels begin to decrease there is less to chose from. So when you see a home that you like that is properly priced moving quickly is key to getting your offer accepted.
HOME SELLERS
As the number of listings decreases, sellers are poised to sell their home faster and for more money. Marketing and making your home look great are the keys to selling your home FAST and for MORE MONEY.
As a seller, your home is one of three listings:
- A home that sells!
- One that gets showings but sells the house down the road.
- Or the home that gets no showings and does not sell.
Which type of listing do you want to be?
SOLUTION
Having a skilled real estate team is the key to saving thousands of dollars when buying or selling a home with the least amount of hassles. Put the Tyler Ford Real Estate Team powered by eXp Realty in Tucson to work for you. We would love to earn your business!
Will well sell your home in 90 Days Guaranteed or it’s FREE!
There are tons of good reasons now is a good time to buy a home in Tucson, AZ. Give us a call about homeownership today.
LINKS
The difference between average and median?
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