Below are some highlights from the January Statistics from the Tucson Association of Realtors:
Total Unit Sales rose from 712 to 780, a total increase of 9.55% from January 2010 to January 2011.
Average Sales Price decreased from $186,399 in December 2010 to $166,998 for January 2011, causing a drop in percentage of 10.41%.
The Median Sales Price decreased by 3.76% from December of last year to January of this year.
New Listings increased by 81.98% over December 2010, and decreased 19.60% compared to January 2010.
Active listings increased 4.20% compared to December 2010.
It is very typical to see new listing increases in January with the holidays over and as people begin to revisit the market during the new year.
The total number of active listings in the median price range from January 1 through January 31 was 906. The total number of sales in this price range was 119 homes or roughly less than 8% of the homes listed in January were sold.
Median sales price by type of homes in Tucson were:
This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions. Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .