TUCSON REAL ESTATE HOUSING REPORT JUNE 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 June 2015.
Real estate in Tucson, AZ is on a positive upswing.
Highlights of the Tucson Real Estate Housing Market Report for June 2015 are below:
- Total Sales Volume continued to rise this month, going from $300,526,884 in May to $324,888,299 in June, resulting in a 8.11% increase over last month. This is also a 18.38% increase since June 2014.
- The Average Sales Price increased by 1.32% this month to $219,370 from $216,517 in May.
- Average List Price this month was $226,206, an increase of 1.36%, since last month.
- Total Under Contract decreased by 6.13% from May.
- Total Unit Sales of 1,481 is up from May’s number of 1,388, resulting in a 6.70% increase.
- The Median Sales Price rose again this month to $173,000 from $171,250 in May, a 1.02% increase.
- New Listings decreased 6.26% from May.
- Total Active Listings of 4,992 is a 4.91% decrease from May’s number of 5,250.
- Average Days on Market decreased to 60 in June from 62 in May.
- Conventional loan sales of 40.2 exceeded Cash Sales of 25.1% 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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Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for June 2015.
In June 2015, there were 1,388 closes sales for the month. These are normal numbers for this time of year.
In June 2015, the average sales price of a home in Tucson, Arizona was $219,370. Which is up 1.32% from May 2015.
In June 2015, the median sales price of a home in Tucson, Arizona was $173,000. Which was up 1.02% from May 2015.
As of June 2015, the average days a home was on the market was 60 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 June 2015 was 4,992 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
