Tucson, Arizona Housing Market Update August 2017

Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s Tucson Home Searchmonthly housing report. The numbers are out for the Tucson residential housing market report for August 2017.

In August 2017, the Tucson housing market took its normal summer slow down and pulled back slightly from the highs of late spring.  Tucson remains a seller’s market due to low inventory levels.

Check out what home prices are doing in Tucson, AZ August  2017.

Highlights of the Tucson Residential Housing Market Report for August  2017 are below:

These numbers can be positive or negative depending on which side of the fence you are on… Buyer or Seller?

Below are some important charts of data we compiled to give you a visual of how the Tucson housing market is trending for August 2017.

CLICK ON THE CHARTS BELOW TO SEE THEM BIGGER.

Tucson Home Sales August 2017
Tucson Home Sales August 2017

Total real estate sales in Tucson for the month of August  2017 were 1,346 units sold. Which was a decrease of 4.27from the previous month as shown in the chart above.

Tucson Average Home Sales Price August 2017
Tucson Average Home Sales Price August 2017

In August 2017, the average sales price of a home in Tucson, Arizona was $238,764. Which was an increase of 5.26% from the previous month as shown in the chart above.

Tucson Home Median Sales Price August 2017
Tucson Home Median Sales Price August 2017

In August 2017, the median sales price of a home in Tucson, Arizona was $192,000. Which was an increase of .14% from the previous month as shown in the chart above.

Tucson Homes Average Days on Market August 2017
Tucson Homes Average Days on Market August 2017

In August 2017, the average days a home was on the market was 39 days. Which was 5 days less than the previous month and 11 days less than the previous year as shown in the chart above.

Tucson Homes For Sale August 2017
Active Home Listing in Tucson for August 2017.

The number of active listings in Tucson, Arizona in the month of August 2017 was 3,602 listings as shown in the chart above.

This number is one to keep an eye on.

If this downward trend in inventory continues look for the market to continue to strengthen and prices to move up which has created a seller’s market in Tucson, Arizona.

TUCSON HOME BUYERS

As home inventory levels begin to decrease there is less to choose from. So when you see a home that you like that is properly priced moving quickly is key to getting your offer accepted.

TUCSON HOME SELLERS

As the number of listings decreases sellers are poised to sell their home faster and for more money. Marketing and making your home look great are keys to selling your home FAST and for MORE MONEY.  

As a seller, your home is one of three listings:

  1. The home that sells!
  2. The home that gets showings but sells the house down the road.
  3. The home that gets no showings and does not sell.

Which type of listing do you want to be?

SOLUTION

Having a skilled real estate team is the key to saving thousands of dollars when buying or selling a home with the least amount of hassles. Put the Tyler Ford Real Estate Team to work for you. We would love to earn your business!

LINKS

The difference between average and median?

FOR A COMPLETE BREAKDOWN: CLICK HERE

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