Tucson Residential Housing Market

Monthly Statistics August 2016

Below are some highlights from the August Residential Sales Statistics:

  1. Total Sales Volume increased 2.12% to $311,954,046 from $305,485,314 in July but is an increase of 15.83% over August 2015.
  2. The Average Sales Price of $220,774 is an increase of 0.82% from July’s number of $218,985.
  3. Average List Price of $226,428 increased 0.74% from July’s number of $224,771.
  4. Total Under Contract decreased by 0.45% since July.
  5. Total Unit Sales of 1,413 increased 1.29% since July’snumber of 1,395 and is an increase of 10.74% over August 2015.
  6. The Median Sales Price rose to $185,000 this month from $181,500 last month, a 1.93% increase.
  7. New Listings increased to 1,925 from 1,677 in July and are down 4.28% from August 2015.
  8. Total Active Listings of 3,919 is a decrease of 0.43% since July’s number of 3,936.
  9. Average Days on Market of 48 is a decrease from 50 in July.
  10.  Conventional loan sales of 43.2% exceeded Cash Sales of 20.9%.

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