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Monday, September 10, 2012

August Tucson Home Sales Statistics

The August Tucson homes sales statistics are out and the market continues to show signs of stability.  The average sale price was down a slight 0.98% from July, but the median sales price was up 3.5% from July.   And both average and median sale prices for August were up over the same month one year ago.  The number of homes actually sold (1179) was up 3.69% from July and just over 6.5% from August of last year. The number of solds per month has been fairly stable since March of last year.

The number of Tucson area homes actively listed for sale on the market was up by almost 100 to 3564, but that is still way below the peak numbers sitting on the market of recent years. The eight month decline in the number of homes on the market ended in July, but that number has been stable since. So why did we have such a dramatic drop over those months?  Tucson homes were selling at a brisker pace with lots of first time buyers, investors and retirees (and those planning for retirement) coming into the home-buying market.  And the majority of homes selling are still in the under $160,000 price range.

Click here for August MLS Home Sales Statistics

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