The Tucson home market ended strong in March. Home sales are up 37% from February and with only a slight increase to the average sales price. Check out all the stats below!
-Total Sales Volume of $369,814,660 is up from $268,547,792 in February, a 37.71% increase.
-The Average Sales Price of $261,168 is an increase of .66% from $259,466 last month.
-Average List Price of $266,479 is an increase of 0.59% from $265,446 in February.
-Total Under Contract of 2,113 increased 29.71% since February’s number of 1,629.
-Total Unit Sales of 1,416 is an increase of 36.81% since last month’s number of 1,035 but is a decrease of 3.15% since March 2018.
-The Median Sales Price of $219,000 increased 1.39% from $216,000 in February but is an increase of 4.29% over last year.
-New Listings of 1,888 have increased 10.93% from 1,702 in February.
-Total Active Listings of 3,005 is a decrease of 2.85% from February.
-Average Days on Market decreased from 48 to 43 this month.
-Conventional loan sales of 48.5% exceeded Cash Sales of 25%.
Statistics were provided courtesy of Multiple Listing Service of Southern Arizona, TAR.
If you or someone you know is looking to buy or sell their home, contact us today for all your real estate needs!
Sadyna Reino and Michelle Morton
The Desert Duo
Century 21 1st American