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Tucson Real Estate Housing Market-June 2019

Every month the Tucson Association of Realtors Multiple Listing service shares a monthly housing report for Tucson. Here is the Tucson Housing report statistics below for June 2019.

Here are 10 Key Statistics: June 2019 Tucson Housing Report

  • Total Sales Volume of $427,698,923 is down from $463,248,158 in May, a 7.67% decrease.
  • The Average Sales Price of $283,244 is an increase of 2.17% from $277,228 last month.
  • Average List Price of $284,524 is a slight increase of 0.68% from $282,609 in May.
  • Total Under Contract of 1,920 decreased 10.03% since May’s number of 2,134.
  • Total Unit Sales of 1,510 is a decrease of 9.63% since last month’s number of 1,671.
  • The Median Sale Price of $232,000 is exactly the same as it was in May.
  • New Listings of 1,899 increased 5.79% from 1,795 in May. 
  • Total Active Listings of 2,679 is a decrease of 0.96% from May and a decrease of 9.92% from last year.
  • Average Days on Market increased to 38 this month from 37 last month.
  • Conventional loan sales of 51.7% exceeded Cash Sales of 20.7%

Buying or Selling? See what the charts below mean to you.

So what does it mean if you are a Buyer or Seller?

Buyers need to be prepared to act fast—when you find a home that checks 7 of your 10 must have’s then make a great offer from the start.

If you’re selling—choose to lead the market and not chase it— this means that even though you know it’s a great sellers market DON’T price your home above the real value in hopes that it’ll come UP UP to your price—you’ll lose market time and buyer confidence in your house–

Leading the market means pricing it spot on from day one and knowing that if you don’t have 10 showings within 3 weeks and no offers then you’re likely overpriced. 

If you’d like to learn an accurate value of your home even if you’re not considering selling please don’t hesitate to contact us for a complimentary Home Equity Update. There’s never any obligation when you do—we’ll come out and share an accurate value and suggest the top 3 things you can to boost your homes value too.