TUCSON REAL ESTATE HOUSING REPORT MARCH 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 March 2015. Real estate in Tucson, AZ is on a positive upswing.
Highlights of the Tucson Real Estate Housing Market Report for March 2015 are below:
- Total Sales Volume for March was $266,059,250, a 35.89% increase from February’s number of $195,792,147, and a 17.34% increase over March 2014.
- The Average Sales Price decreased slightly this month to $208,673 from $209,403 in February.
- Average List Price decreased 1.10%, going from $216,281 in February to $213,907 in March.
- Total Under Contract increased by 15.10% from February.
- Total Unit Sales in March of 1,275 is a 36.36% increase from February’s 935 and a 12.73% increase over March 2014.
- The Median Sales Price rose to $172,000 this month from $167,000 in February, a 2.99% increase.
- New Listings increased 1.17% from February.
- Total Active Listings of 5,721 is a decrease from February’s number of 5,857.
- Average Days on Market went down to 68 from last month’s number of 69.
- Conventional loan sales of 35.6 exceeded Cash Sales of 32.0% 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 March 2015, there were 1,275 closes sales for the month. These are normal numbers for this time of year.
In March 2015, the average sales price of a home in Tucson, Arizona was $208,673. Which is down .35% from February 2015.
In March 2015, the median sales price of a home in Tucson, Arizona was $167,000. Which was up 2.99% from February 2015.
As of March 2015 the average days a home was on the market was 68 days. Which is 1 day less than the previous month and 6 days more than the previous year.
The number of active listings in Tucson, Arizona in the month of March 2015 was 5,721 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
