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Friday, December 16, 2011

November Tucson MLS Statistics Released: Median Sale Price Up for Second Month

The November MLS sales stats are out and we have now seen a very slight uptick in the median sale price of a Tucson house for the second month in a row.  The median sale price edged up 1.67% in November but keep in mind that is still down 12.8% from the previous November.

The other bit of good news (at least for sellers) is that the number of homes actively listed on the Tucson homes market is down just over 30% from a year ago AND the number of homes sold in November was up 27% from a year ago.  And the number of new homes coming on the market was down 23% in November from the year before.

Before we proclaim the end of the down market, keep in mind we will likely see lots of fluctuations in the Tucson homes market for some time to come.  We have been seeing similar patterns for the last three years...where prices decline for months in a row followed by a month of two of a slight increase.

Click the link for the full November report, including the number of listings and solds in your zip code.


And if you want to know more about what's going on in your own neighborhood, just drop me an email and I will check it out.

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