Summary of The residential real estate market in Tucson Arizona for January 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

The Average Sales Price fell slightly this month from $205,015

in December to $194,878, a 4.94% decrease.

 Average List Price for January was $201,687, a 4.90%

decrease since December’s number of $212,078.

 Total Under Contract increased by 35.28% from December.

 Total Unit Sales dropped from 1,076 in December to 805 in

January resulting in a 25.19% decrease.

 The Median Sales Price dropped to $160,250 this month,

compared to last month’s number of $165,000, resulting in a

2.88% decrease.

 New Listings increased 64.35% from December to January.

 Total Sales Volume for January was $156,772,690, a 28.93%

decrease from last month’s number of $220,596,263.

 Total Active Listings of 5,803 is an increase of 4.05% since

December’s number of 5,577, and an increase of 5.95% since

January 2014.

 Average Days on Market increased to 70 this month from 61 in

December.

 Conventiona loan sales of 37.5 exceeded Cash Sales of 34.8%

This month.

If you are wondering where to start when buying a home in Tucson AZ, give me a call at 520-338-9319. I 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. I am here to help.