The Monthly Statistics for October 2016 are out for Tucson and the surrounding area. Here's what they show:

  • Total Sales Volume is down this month to $273,080,211 from Last month's number of $293,536,476, which is a decrease of 6.97%, but an increase of 8.65% since October 2015.

  • The average Sales Price dropped 1.65% to $216,902, from $220,538 in September.

  • Average List Price of $222,728 is an increase of 2.99% from September's number of $216,257.

  • Total Under Contract increased by .48% this month.

  • Total Unit Sales 1,259 is down 5.41% from 1331 in September, but is up 5.98% from October 2015.

  • The Median Sales Price $178,000 is up .56% from last month's number of $177,000 and 2.99% over October 2015.

  • New Listings, 2061 is an increase of 5.42% from September's number of 1,955.

  • Total Active Listings of 4103 is an increase of 2.68% since September.

  • Average Days on Market stayed at 49 for the second month in a row.

This is great news for the Tucson Real Estate Market  with Average List Prices increasing and also Total Homes under contract increasing. If you are thinking of buying or selling a home to take advantage of this market, please give me a call.

Darci Dunn
eXp Realty

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Phone: 520-444-0344
Dated: November 8th 2016
Views: 45
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eXp Realty Tucson

Tucson, AZ