Sellers Getting Almost 100% Of Their Asking Price in June!
Highlights of Tucson’s Residential Housing Market for June 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 June 2019.
In June 2019, the Tucson housing market inventory levels decreased slightly. Inventory levels remain low and the Tucson housing market remains stable and strong! As home inventory levels remain low home, look for home prices to continue to rise. The housing market in Tucson for 2019 is predicted to remain strong.
Sellers sold their homes for 99.55% of their list price in June 2019!
Average days on the market…
38 days!
Check out what home prices are doing in Tucson, AZ for June 2019.
Tucson Market Report Highlights:
- Total Sales Volume of $427,698,923 is down from $463,248,158 in May, a 7.67% decrease and up 3.61% from June 2018.
- The Average Sales Price of $283,244 is an increase of 2.17% from $277,228 last month.
- Average List Price of $284,524 is a slight increase of 0.68% from $282,609 in May.
- Total Under Contract of 1,920 decreased 10.03 % since May’s number of 2,134.
- Total Unit Sales of 1,510 is a decrease of 9.63% since last month’s number of 1,671 and decreased by 5.21% since June 2018.
- The Median Sales Price of $232,000 is exactly the same as it was in May but is 9.43% higher than it was in June 2018.
- New Listings of 1,899 increased by 5.79% from 1,795 in May.
- Total Active Listings of 2,679 is a decrease of 0.96% from May and a decrease of 9.92% from last year.
- Average Days on Market increased to 38 this month from 37 last month.
- Conventional loan sales of 51.7% exceeded Cash Sales of 20.7%.
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 June 2019.
CLICK ON THE CHARTS BELOW TO SEE THEM BIGGER.
Closed Home Sales
Total real estate sales in Tucson for the month of June 2019 were 1,510 units sold. Which was down by 9.63% from the previous month as shown in the chart above.
Average Homes Sales Price
In June 2019, the average sales price of a home in Tucson, Arizona was $283,244. Which was an increase of 2.17% from the previous month as shown in the chart above.
Median Home Sales Price
In June 2019, the median sales price of a home in Tucson, Arizona was $232,000. Which was the same from the previous month as shown in the chart above.
Average Days On Market
In June 2019, the average days a home was on the market was 38 days. Which was 1 day more than the previous month and 1 day 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 June 2019 was 2,679 listings, which is a .01% decrease 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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Tucson Previous Housing Market Reports
