Friday, January 15, 2016
Tucson Home Sales Market Update
The December Tucson MLS sales stats showed the number of homes sold was up 37% from November, and more importantly, up almost 16% from December 2014.
The average sale price in December was up 1.06% over November 2015 and 3.27% over December 2014. Median sale price was up 4.14% from November 2015 and 6.67% from December 2014. These are not spectacular figures but show continued slow steady growth in the Tucson market...much healthier than a rapid run-up.
The number of new listings in December was down 7.72% from November, but that is not unusual over the holiday season. We should see a rebound in the January stats.
And here is a link to the full monthly Tucson MLS report: Tucson Association of Realtors MLS Monthly Report