TUCSON REAL ESTATE HOUSING MARKET REPORT – DECEMBER 2014
Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report.
Highlights of the Tucson Real Estate Housing Market Report for December 2014 are below:
- Total Sales Volume increased this month to $220,596,263 from last month’s number of $189,711,618, a 16.28% jump.
- The Average Sales Price decreased slightly by .90% from last month.
- Average List Price for December was $212,078, a .52% decrease since November’s number of $213,195.
- Total Under Contract decreased 10.99% from November.
- Total Unit Sales increased from 917 in November to 1,076 in December resulting in a 17.34% increase.
- There was no change in the Median Sales Price from November, remaining at $165,000 for December.
- New Listings decreased 18.74% from November to December.
- Total Active Listings of 5,577 is a decrease of 4.18% since November’s number of 5,820, but an increase of 8.29% since December 2013.
- Average Days on Market increased to 61 this month from 58 in November.
- Conventional loan sales of 39.9 exceeded Cash Sales of 28.7% this month.
These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?
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Tucson Home Values Are Up Up Up
Curious about your home’s value? CLICK HERE
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Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for November 2014
In December 2014 there were 1076 closes sales for the month. These are normal numbers for this time of year.
In December 2014 the average sales price of a home in Tucson, Arizona was $205,015. Which is up 1.30% from the previous year.
In December 2014 the median sales price of a home in Tucson, Arizona was $165,000. Which is up also up 4.30% from the previous year.
As of December 2014 the average days a home was on the market was 58 days. Which is 3 days more than the previous month and 7 days more than the previous year.
The number of active listings in Tucson, Arizona in the month of December 2014 was 5,577 listings. This number is one to keep an eye on. If this up trend in inventory continues look for the market to soften and prices do move down which sets up for a buyers market.
BUYERS
As home inventory levels begin to rise this makes for the perfect buying opportunity to negotiate a lower purchase price, the fixing of more repairs and or having the seller pay more of your closing cost.
SELLERS
As the number of listings have increased, marketing and making your home look great are keys to selling your home FAST and for MORE MONEY.
Buyers have lots of inventory to choose from!
As a seller, your home is one of three listings:
- The home that sells!
- The home that gets showings but sells the house down the road.
- 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 to work for you. We would love to earn your business!
LINKS
The difference between average and median?
For a complete break down of the Monthly Statistics for November: CLICK HERE
