May Market Stats

Updated: Feb 8

It's time for a monthly market update & May statistics are here! We have seen increases in average and median sales price, total unit sales, and sales volume. Check out the statistics below:

• Total Sales Volume of $463,248,158 is up from $400,498,076 in April, a 15.67% increase and up 12.06% from May 2018.

• The Average Sales Price of $277,228 is an increase of 6.39% from $260,571 last month.

• Average List Price of $282,609 is an increase of 6.23% from $266,033 in April. • Total Under Contract of 2,134 decreased .28% since April’s number of 2,140.

• Total Unit Sales of 1,671 is an increase of 8.72% since last month’s number of 1,537.

• The Median Sales Price of $232,000 increased 6.18% from $218,500 in April and up 7.16% since May 2018.

• New Listings of 1,795 have decreased 13.12% from 2,066 in April and 9.39% since May 2018.

• Total Active Listings of 2,705 is a decrease of 6.72% from April.

• Average Days on Market decreased to 37 this month from 41 last month.

• Conventional loan sales of 49% exceeded Cash Sales of 20.9%.

Statistics provided by the Tucson Association of Realtors