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Tucson Real Estate Housing Market — September 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 September 2019.

Here are 7 Key Statistics: September 2019 Tucson Housing Report

  • The Average Sales Price of $285,948 is an increase of 13.6% from $251,804 of last year.
  • Total Under Contract of 1,355 increased 19% compared to last year of 1,139.
  • Total Unit Sales of 1,230 is a increase of 4.9% since last year’s number of 1,173.
  • The Median Sale Price of $239,575 is a increase of 11.4 % since last year’s number of $215,000.
  • New Listings of 1,576 increased 2.4% from 1,539 last year.
  • Average Days on Market is 36 which is a decrease of 7.7% from last year’s 39.
  • Active Listings of 2,558 is decreased from 3,234 of last year’s numbers by 20.9%.

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.