TUCSON REAL ESTATE HOUSING REPORT AUGUST 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 August 2015.
Real estate in Tucson, AZ is on a positive upswing.
Highlights of the Tucson Real Estate Housing Market Report for August 2015 are below:
- Total Sales Volume decreased this month, going from $309,538,575 in July to $269,323,073 in August, a 12.99% decrease from last month, but is an increase of 13.40% over August 2014.
- The Average Sales Price increased to $211,068 from $210,570 in July, resulting in a .24% increase.
- Average List Price this month was $217,833, an increase of .49% since last month.
- Total Under Contract decreased by 6.72% from July.
- Total Unit Sales of 1,276 is down from July’s number of 1,470, resulting in a 13.20% decrease but is an increase of 10.19% over August 2014.
- The Median Sales Price declined slightly to $173,250 from $175,000 in July, a 1% decrease.
- New Listings increased 13.94% from July.
- Total Active Listings of 4,758 is a .83% decrease from July’s number of 4,798.
- Average Days on Market increased to 63 in August from 61 in July.
- Conventional loan sales of 38.4% exceeded Cash Sales of 25.8% 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 August 2015.
In August 2015, there were 1,278 closes sales for the month. These are normal numbers for this time of year.
In August 2015, the average sales price of a home in Tucson, Arizona was $211,068. Which is up .24% from July 2015.
In August 2015, the median sales price of a home in Tucson, Arizona was $173,250. Which was down 1.00% from May 2015.
As of August 2015, the average days a home was on the market was 63 days. Which is 2 day less than the previous month and 2 days less than the previous year.
The number of active listings in Tucson, Arizona in the month of August 2015 was 4,758 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 quick 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
