As we moved into the holiday season, the Tucson real estate market is still strong. This summary is prepared using the monthly report published by the Tucson Association of Realtors. We continue to be in a strong seller's market, only a 1 month supply of inventory. The average sales prices has ended with an increase of 25.6% compared to November of 2019. Check out some other key statistics about the Tucson housing market for November.
- New Listings: Compared to November 2019, we saw a 7.7% decrease in single family homes and a 10.1% decrease in townhouses/condos.
- Closed Sales: Compared to November 2019, we saw a 10.7% increase in single family homes and a 2.9% decrease in townhouses/condos.
- Inventory: Compared to November 2019, we saw a 51.5% decrease in single family homes and a 46.6% decrease in townhouses/condos. We had an inventory of 1,220 single family homes and 163 townhouses/condos.
- Median Sales Price: Compared to November 2019, we saw a 20.8% increase in single family homes and a 29.7% increase in townhouses/condos.
- Average Sales Price: Compared to November 2019, we saw a 25.6% increase in single family homes and a 12.2% increase in townhouses/condos.
- Days on Market: Compared to November 2019, we saw a 44.4% decrease for single family homes, with the average days on market at 20, and a 14.8% decrease for townhouses/condos with the average days on market at 23.
- Months Supply of Inventory decreased 54.5%, to a 1 month supply of single family homes and 52.9%, to a 0.8 month supply of townhouses/condos.
If you are thinking about selling your home this year, contact us today. We will show you all the benefits you get, when you list with us!
