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Friday, June 24, 2016

Tucson Home Prices Steady

Despite a sizable jump in the number of Tucson homes sold in May, prices continued to show a little conflict.  The average sale price for May was $214,290...down 3.15% from April.  But median prices were up 1.7% to $179,000.  

I will let the statisticians argue on which is the most accurate, but the fact that the numbers do conflict shows that there is no clear price direction for the Tucson market right now.  The same can be said for the past year too as the average sale price for May was actually down a bit (1.03%) from even a year ago while the median sale price was up 4.53% for the same period.

Will the strong in increase in the number of sales bring prices along with it?  Stay tuned.

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