From the Tucson Association of REALTORS®
Quick Click: September TAR/MLS Residential Report
Other than a decline in the number of homes for sale in September, the Tucson region’s housing market recorded another month of continued slow improvement year-over-year.
The Median Selling price is now 4.2% higher than a year ago with the Average Selling Price gaining a modest 2.6%. Year-to-date unit sales have soared 10.7% and now stand at 11,216 closings compared to 10,131 a year ago, according to new data from the Tucson Association of REALTORS® Multiple Listing Service (TAR/MLS).
Long term, the metrics indicate that the region’s housing market is moving closer to normal conditions.
YEAR-OVER-YEAR HIGHLIGHTS MONTH-OVER-MONTH HIGHLIGHTS
| Category | Sept 2015 | Sept 2014 | Change | Category | Sept | August | Change | |
| Unit Sales | 1,203 | 1,038 | 15.9% | Unit Sales | 1,203 | 1,276 | -5.7% | |
| Total Sales Volume | $248.7M | $209.2M | 18.9% | Total Sales Volume | $248.7M | $269.3M | -7.6% | |
| Median Sales Price | $172,000 | $165,000 | 4.2% | Median Sales Price | $172,000 | $173,250 | -0.7% | |
| Average Sales Price | $206,766 | $201,530 | 2.6% | Average Sales Price | $206,766 | $211,068 | -2% | |
| Active Listings | 4,909 | 5,427 | -9.7% | Active Listings | 4,909 | 4,758 | 3.2% | |
| Pending Contracts | 1,774 | 1,683 | 5.4% | Pending Contracts | 1,774 | 1,846 | -3.9% | |
| YTD Unit Sales | 11,216 | 10,131 | 10.7% |
© Tucson Association of REALTORS® Multiple Listing Service
The Tucson Association of REALTORS® (TAR) represents 4,800 professionals in Southern Arizona as the voice of the real estate industry. The REALTOR® trademark is for use only by members of the National Association of REALTORS®. Details: www.tucsonrealtors.org.