Summary of The residential real estate market in Tucson Arizona for February 2015

If you are looking to purchase or sell a home in Tucson Arizona, here are some of the stats released for the local residential market by the Tucson Association of REALTORS®, and can be located on their site at https://www.tucsonrealtors.org/news/statistics

 Total Sales Volume for February was $195,792,147, a 24.89%

increase from January’s number of $156,772,690.

 The Average Sales Price increased this month to $209,403

from $194,878 in January.

 Average List Price increased 7.24%, going from $201,687 in

January to $216,281 in February.

 Total Under Contract increased by 12.98% since January.

 Total Unit Sales were up from 805 in January to 935 in

February, resulting in a 16.15% increase.

 The Median Sales Price rose to $167,000 this month from

$160,250 in January, a total of 4.21%.

 New Listings decreased 1.20% from January to February but

have increased 14.48% since February 2014.

 Total Active Listings of 5,857 were up .93% since January’s

number of 5,803.

 Average Days on Market decreased to 69 this month from 70 in

January.

 Conventional loan sales of 36.7 exceeded Cash Sales of 33.7%

this month.

If you are wondering where to start when buying a home in Tucson AZ, I would be happy to answer any questions you may have, at 520-338-9319. Tucson Homebuyer Help can get you started on the right path to purchase your first home, regardless of what obstacle you may think is keeping you from it. We  are here to help.