Tucson Housing Market Report For May 2017
The Tucson Association of Realtors released (06/08/17) the Tucson MLS Residential Statistics for the month of May 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.
- Total Sales Volume of $386,081,637 is an increase of 14.68% over April’s number of $336,667,709 and an increase of 17.83% over May 2016.
- The Average Sales Price of $240,249 increased by 3.12% from last month’s number of $232,988.
- Average List Price increased 2.63%, going from $239,287 in April to $245,591 in May.
- Total Under Contract decreased this month by 0.71%
- Total Unit Sales are up 11.21% from April and 5.10% from May 2016.
- The Median Sales Price increased to $195,000 from $190,000 last month and increased 8.94% from last year.
- New Listings decreased 5.66%.
- Total Active Listings of 3,589 is a decrease of 4.88% from last month and a decrease of 18.58% from last year.
- Average Days on Market increased to 46 from 44 last month.
- Conventional loan sales of 41.2% exceeded Cash Sales of 24.5%.
*Data Source for the above Statistics Reported from THE TUCSON ASSOCIATION OF REALTORS.
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