TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT DECEMBER 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 residential real estate market report December 2015.
Residential real estate in Tucson, AZ has been on a steady upswing in 2015.
Highlights of the Tucson Residential Real Estate Market Report for December 2015 are below:
- Total Sales Volume increased significantly in December to $264,001,833, a 38.64% rise from last month’s number of $190,421,972.
- The Average Sales Price rose to $211,709 from $209,485 in November, resulting in a 1.06% increase.
- Average List Price for December is $217,610, which is an increase of 2.11% since last month.
- Total Under Contract decreased this month by 11.73% but has increased 23.47% over December 2014.
- Total Unit Sales of 1,247 is an increase of 37.18% from last month, and is an increase of 15.89% from December 2014.
- The Median Sales Price increased 4.14%, going from $169,000 in November to $176,000 in December.
- New Listings decreased 7.72% from November.
- Total Active Listings of 4,888 is a decrease of 4.08% since November’s number of 5,096.
- Average Days on Market decreased to 59 in December from 60 in November.
- Conventional loan sales of 34.8% exceeded Cash Sales of 28.0% this month.
These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?
Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for December 2015.
In December 2015, there were 1,247 closes sales for the month as shown in the chart above. These are normal numbers for this time of year.
That is an average of about 40.23 homes SOLD every day in Tucson in the month of December 2016. There are a couple of key factors in getting your home SOLD for the most amount of money in the least amount of time.
Key Factors In Getting Your Home SOLD:
- Price
- Uber Awesome Photos
- Home Look Great – 47 Key Factors To Make Your House Look Great!
In November 2015, the average sales price of a home in Tucson, Arizona was $211,709. Which was up 1.06% from November 2015 as shown in the chart above.
In December 2015, the median sales price of a home in Tucson, Arizona was $176,000. Which was up 4.14% from November 2015 as shown in the chart above.
As of December 2015, the average days a home was on the market was 59 days. Which is 1 day less than the previous month and 2 days less than the previous year as shown in the chart above.
The number of active listings in Tucson, Arizona in the month of November 2015 was 4,888 listings as shown on the chart above.
This number is one to keep an eye on. If this up trend 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 sellers 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 decrease 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 breakdown of the Monthly Statistics for November: CLICK HERE
