Tucson Housing Market Report For July 2017


Tucson Housing Market Report For July 2017

The Tucson Association of Realtors released (08/08/17) the Tucson MLS Residential Statistics for the month of July 2017. The most recent Tucson AZ Real Estate News and information is available here. Each month, Joe Keany, Tucson REALTOR® releases a monthly overview of the real estate activity during the previous month, including units sold, average sales price, inventory, days on market and more.

Tucson Housing Market Report For July 2017

  • Total Sales Volume of $318,919,230 is a decrease of 20.08% from June’s number of $399,061,482, but is an increase of 4.40% over July 2016.
  • The Average Sales Price of $226,827 is a 4.79% decrease from $238,245 last month.
  • Average List Price fell from $243,575 in June to $231,299 in July, resulting in a 5.04% decline.
  • Total Under Contract decreased this month by 10.90%.
  • Total Unit Sales of 1,406 is a decrease from June’s number of 1,675, a 16.06% drop.
  • The Median Sales Price decreased 4.14% since last month, going from $200,000 in June to $191,725 in July, but is a 5.63% increase from July 2016.
  • New Listings of 1,827 decreased from 2,048 last month.
  • Total Active Listings of 3,602 is a decrease from 3,625 last month.
  • Average Days on Market dropped from 44 last month to 39 this month and is the lowest it has been in over 10 years.
  • Conventional loan sales of 40.6% exceeded Cash Sales of 24%.

*Data Source for the above Statistics Reported from THE TUCSON ASSOCIATION OF REALTORS.


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Tucson Housing Market Report April 2016