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MLS Housing Report
Each month the Tucson Association of Realtors publishes it Real Residential Sales Statistics. Below are the highlights of the latest report:
Monthly Statistics August 2018
Below are some highlights from the August Residential Sales Statistics:
Total Sales Volume of $349,507,394 is up from $347,114,173 in July resulting in a .69% increase.
The Average Sales Price of $259,663 is an increase of 2.26% from $253,924 last month.
Average List Price of $264,923 is an increase of 1.78% from $260,279 in July.
Total Under Contract of 1,859 is an increase of 4.67% since July’s number of 1,776 and an increase of 13.77% over August 2017.
Total Unit Sales of 1,346 is a decrease of 1.54% since last month’s number of 1,367 and coincidentally exactly the same number as August 2017.
The Median Sales Price of $216,950 is an increase of .91% from $215,000 in July and up 12.99% from last year’s number of $192,000.
New Listings of 1,755 is a decrease of 1.63% from 1,784 in July.
Total Active Listings of 2,944 is a decrease from 2,967 in July and a decrease of 15.89% since last year.
Average Days on Market decreased to 38 this month from 43 last month.
Conventional loan sales of 49.3% exceeded Cash Sales of 22.7%.
Judith Grammond                         Ginny Huffman
2018 MLSSAZ President             2018 TAR President
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