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Thursday, December 10, 2015

2015 Ups and Downs Continue in November Tucson Homes Market

2015 has been a year of ups and downs in the Tucson homes market.  Both prices and sales volume seem to fluctuate on a monthly basis. And that was the situation in November with both the number of home sales down, and both average and median sales prices down.

But the changes were minor and reflect more of a stabilized market than anything.  Average sale price was down a tad to $211,566, a decrease of 0.98%.   The median sale price (which some statisticians argue is more accurate) was down 2.21% to $172,825.

The total number of Tucson homes sold in November was 909, down 23.48% from October's 1,188.  But there is often a dropoff this time of year, and indeed that is a reduction of only 0.87% from November 2014.

If there is a message here, it is that potential buyers are looking at a good opportunity to find a great Tucson home, and indeed should get moving before the expected interest rate rises kick in soon.

For the full report on November home sales in the Tucson MLS, check out  Tucson MLS November Statistics

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