Each month the Tucson Association of Realtors publishes it Real Residential Sales Statistics. Below are the highlights of the latest report:

 

Below are some highlights from the August Residential Sales Statistics:

 

Total Sales Volume of $381,791,399 is down from $428,196,066 in July, a 10.84% decrease.

 

The Average Sales Price of $268,300 is a decrease of 3.57% from $278,230 last month.

 

Average List Price of $273,145 is a decrease of 3.67% from $283,565 in July.

 

Total Under Contract of 1,838 decreased 1.61% since July’s number of 1,868.

 

Total Unit Sales of 1,423 is a decrease of 7.54% since last month’s number of 1,539.

 

The Median Sales Price of $230,000 is a decrease of 1.29% since July’s number of $233,000.

 

New Listings of 1,573 decreased 8.23% from 1,714 in July and decreased 10.37% from August 2018.

 

Total Active Listings of 2,489 is a decrease of 1.43% from July and a decrease of 15.46% from last year.

 

Average Days on Market remained at 36 for the second month in a row.

 

Conventional loan sales of 50.5% exceeded Cash Sales of 20.6%. 

 

Cheryl Terpening                         Barbara Wilson

2019 MLSSAZ President             2019 TAR President