TUCSON REAL ESTATE HOUSING REPORT APRIL 2015
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 real estate housing report April 2015. Real estate in Tucson, AZ is on a positive upswing.
Highlights of the Tucson Real Estate Housing Market Report for April 2015 are below:
- Total Sales Volume was up again this month by 9.55%, going from $266,059,250 in March to $291,466,552 in April. This is also a 13.68% increase April 2014.
- The Average Sales Price increased slightly this month to $210,749 from $208,673 in March.
- Average List Price of $217,737 is an increase of 1.79%, since last month.
- Total Under Contract increased by 1.83% from March.
- Total Unit Sales in April of 1,383 is an 8.47% increase from March’s 1,275.
- The Median Sales Price was slightly lower this month at $167,500 from $172,000 in March, resulting in a 2.62% decrease.
- New Listings decreased 10.52% from March.
- Total Active Listings of 5,487 is a decrease from March’s number of 5,721.
- Average Days on Market decreased to 66 in April from 68 in March.
- Conventional loan sales of 37.5 exceeded Cash Sales of 27.1.0% this month.
These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?
********************************************************
Tucson Home Values Are Up Up Up
Curious about your home’s value? CLICK HERE
********************************************************
Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for March 2015.
In April 2015, there were 1,383 closes sales for the month. These are normal numbers for this time of year.
In April 2015, the average sales price of a home in Tucson, Arizona was $210,749. Which is up 1% from March 2015.
In April 2015, the median sales price of a home in Tucson, Arizona was $167,000. Which was down 2.62% from March 2015.
As of April 2015, the average days a home was on the market was 66 days. Which is 2 day less than the previous month and 1 day more than the previous year.
The number of active listings in Tucson, Arizona in the month of April 2015 was 5,487 listings.
This number is one to keep an eye on. If this uptrend in inventory continues to look for the market to soften and prices do move down which sets up for a buyers market. Inventory levels are trending down which leads to a seller’s market causing home values to rise.
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 in getting your offer accepted.
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 keys to selling your home FAST and for MORE MONEY.
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
