Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest JANUARY 28 FOR IMMEDIATE RELEASE: CONTACT: February 15, 28 Kimberly Clifton, President - (52) 954-8 Wes Wiggins, Vice President, MLS (52) 382-8792 Rick Hodges, CEO - (52) 327-4218 The Real Estate market in Southern Arizona has an interesting year ahead in 28! As the markets begin to wake up from the holiday hibernation, there is nothing but better news for the months ahead. Although both home sales volume and unit sales numbers were below what they were in January of 27, the Average Sales Price for a home decreased only 2.17% from $272,351 in January '7 to $266,45 in January '8. The Median Sales Price decreased 7.65% from $22,365 in January '7 to $23,5 in January '8. Pending contracts increased to 1,79 in January '8, an increase of 25.3% over the January '7 count of 863. Our active listings decreased 5.89% from 9,742 on '7 to 9,168 on '8. New listings in '8 increased from 3,499 on '7 to 3,744 in '8, an increase of 7.% January has typically been one of the slower months in the Tucson real estate market, but in following sales trends of the past, the market should pick up in early spring. With 27 behind us we can look forward to all of the opportunities in our industry for 28! Tucson and its surrounding communities are continuing to grow and prosper due to all of the amazing amenities that Southern Arizona has to offer new home owners from all around the country. Affordable housing, low interest rates and government backed financing will assist in the upswing in the real estate market for 28! It is time to spread the word! Kimberly Clifton 28 MLS President The Tucson Multiple Listing Service, Inc. is a wholly owned subsidiary of the Tucson Association of REALTORS, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 6,7 professionals in the real estate industry, and is affiliated with the National Association of REALTORS. REALTOR is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics.
JANUARY 28 RESIDENTIAL SALES O V E RVIEW Sales Snapshot Home Sales Volume Decreased 38.28% from $256,449,641 in January 27 to $158,272,6 in January 28. Graph on page 4. Home Sales Units Decreased 36.88% from 941 in January 27 to 594 in January 28. Graph on page 3. Average Sales Price (all residential types) Decreased 2.23% from $272,529 in January 27 to $266,45 in January 28. Page 5. Median Sales Price Decreased by 7.65% from $22,365 in January 27 to $23,5 in January 28. Page 6. Pending Contracts (not yet closed in escrow) Increased 25.3% from 863 in January 27 to 1,79 in January 28. Graph on page 6. Active Listings Decreased 5.89% from 9,742 in January 27 to 9,168 in January 28. Graph on page 8. New Listings Decreased 7% from 3,499 in January 27 to 3,744 in January 28. Graph on page 1. Please note: Data in this report is based in whole or in part on data supplied by the Tucson Association of REALTORS or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS does not reflect all real estate activity in the market. Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc.
JANUARY 28 RESIDENTIAL SALES STATISTICS Total Unit Sales January 28 Unit Sales Jan. 28 Breakdown by Type 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2 1996 627 553 82 766 898 828 77 727 623 631 561 6 CND/CNDNC TH/THNC 33 55 5.56% 9.26% MSFR 33 5.56% MH 8 1.35% 1997 519 572 736 788 779 816 815 751 728 732 561 675 1998 593 619 858 89 935 1,2 1,6 839 83 78 77 844 1999 635 732 964 1,67 1,15 1,232 1,98 1,57 884 881 793 796 2 662 85 1,16 1,1 1,126 1,113 938 1,36 872 82 848 741 21 698 759 1,69 1,48 1,225 1,175 1,192 1,12 857 91 772 774 22 743 845 1,42 1,163 1,299 1,161 1,166 1,63 942 1,111 883 1,22 23 861 899 1,12 1,249 1,336 1,299 1,3 1,287 1,193 1,173 965 1,81 24 929 1,24 1,346 1,55 1,533 1,718 1,53 1,468 1,274 1,295 1,29 1,283 25 1,86 1,343 1,525 1,489 1,679 1,858 1,584 1,795 1,44 1,368 1,219 1,241 SFR/SFRNC 465 78.28% 26 944 1,58 1,51 1,466 1,526 1,524 1,227 1,381 1,77 1,95 982 981 27 941 993 1,318 1,287 1,313 1,226 1,98 1,19 683 79 759 682 28 594 Total Unit Sales Annual Comparison YTD Annual Comparison Breakdown by Type 14, 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2 24 929 1,24 1,346 1,55 1,533 1,718 1,53 1,468 1,274 1,295 1,29 1,28 25 1,86 1,343 1,525 1,489 1,679 1,858 1,584 1,795 1,44 1,368 1,219 1,241 26 944 1,58 1,51 1,466 1,526 1,524 1,227 1,381 1,77 1,95 982 981 27 941 993 1,318 1,287 1,313 1,226 1,98 1,19 683 79 759 682 12, 1, 8, 6, 4, 2, SFR/SFRNC TH/THNC CND/CNDNC MSFR MH YTD 25 13,221 2,34 335 959 185 YTD 26 1,947 2,335 37 784 151 YTD 27 9,83 1,179 1,3 638 125 28 465 55 33 33 8 28 594 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 3
JANUARY 28 RESIDENTIAL SALES STATISTICS Total Sales Volume January 28 $6 $5 $4 Millions $3 $2 $1 $ 1996 $73,766,78 $71,942,29 $1,4,3 $91,212,62 $116,68, $112,37,7 $12,395,2 $93,256,74 $77,926,72 $79,115,86 $72,659,87 $78,736,95 1997 $7,339,65 $74,727,3 $95,218,9 $98,14,25 $12,162,6 $18,254,7 $17,987,1 $96,247,23 $1,219,5 $1,2,6 $75,573,36 $9,243,92 1998 $79,318,16 $79,41,1 $118,37,7 $122,36,9 $133,12,2 $15,588, $146,436,8 $112,727,2 $11,4,2 $11,985,3 $12,512,2 $119,2,3 1999 $91,858,39 $13,263,9 $143,97,2 $149,935,9 $17,32,2 $196,838,9 $162,676,3 $152,75, $123,51,4 $125,791,1 $114,234, $119,865,9 2 $95,831,54 $117,123,5 $168,95,1 $157,775,9 $18,8,3 $182,714, $147,838,4 $16,61,4 $135,89,5 $123,679,8 $137,68,2 $12,288,4 21 $16,353,2 $113,845,5 $164,662,2 $171,877,6 $22,46,8 $19,665,7 $199,529,9 $184,892,9 $136,367,9 $139,188,8 $12,635,9 $127,954,4 22 $116,271,5 $139,317,5 $167,341,1 $195,297,9 $231,751,2 $196,799,4 $199,215, $189,735,3 $153,6,5 $185,339,7 $158,51,9 $187,36,9 23 $134,44,9 $15,74,5 $189,194,1 $226,514,8 $242,63,7 $254,199, $239,869,7 $229,975,4 $224,633,6 $218,531,5 $166,475, $189,933,7 24 $167,132,9 $192,399,4 $279,256,8 $31,86,1 $314,381,5 $365,563,4 $311,318,5 $3,96,7 $264,33,8 $273,555,5 $258,237,3 $273,53,7 25 $249,161,4 $314,57,4 $363,59,8 $367,27,4 $434,584,7 $497,24,4 $412,35,5 $477,375,7 $354,531,3 $355,266,5 $324,188,9 $331,13,7 26 $258,363,2 $29,894,8 $423,941,6 $46,193,4 $41,825,6 $417,12,1 $335,85,8 $37,671,5 $273,322,2 $292,24,7 $262,678, $256,382,1 27 $256,449,641 $258,385,55 $358,181,937 $359,63,95 $368,413,994 $365,932,899 $295,343,432 $279,136,853 $19,574,76 $27,178,347 $24,96,24 $177,453,788 28 $158,272,6 Annual Comparison Monthly Volume by Type $55 $5 $45 $4 $35 TH/NC $11,81,5 7.% CND/NC $5,149,583 3.25% MSFR $3,976,85 2.51% MH $721,9.46% Millions $3 $25 $2 $15 $1 SFR/NC $137,342,623 86.78% 25 $249,161,4 $314,57,4 $363,59,8 $367,27,4 $434,584,7 $497,24,4 $412,35,5 $477,375,7 $354,531,3 $355,266,5 $324,188,9 $331,13,7 26 $258,363,2 $29,894,8 $423,941,6 $46,193,4 $41,825,6 $417,12,1 $335,85,8 $37,671,5 $273,322,2 $292,24,7 $262,678, $256,382,1 27** $256,449,641 $258,385,55 $358,181,937 $359,63,95 $368,413,994 $365,932,899 $295,343,432 $279,136,853 $19,574,76 $27,178,347 $24,96,24 $177,453,788 28 $158,272,6 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 4
JANUARY 28 RESIDENTIAL SALES STATISTICS Average Sales Price January 28 $35, $3, $25, $2, $15, $1, $5, $ 1996 $117,65 $13,95 $124,738 $119,77 $129,251 $135,637 $132,981 $128,276 $125,83 $125,382 $129,519 $131,228 1997 $135,529 $13,642 $129,372 $124,543 $131,146 $132,665 $132,499 $128,159 $137,664 $136,616 $134,712 $133,695 1998 $133,757 $128,273 $137,888 $137,484 $142,355 $15,287 $138,148 $134,359 $132,579 $13,75 $133,133 $141,233 1999 $144,659 $141,71 $149,281 $14,521 $154,12 $159,772 $148,157 $144,47 $139,718 $142,782 $144,53 $15,585 2 $144,761 $145,495 $151,985 $156,214 $159,929 $164,164 $157,61 $154,499 $155,838 $15,829 $162,274 $162,333 21 $152,368 $149,994 $154,34 $164,5 $165,23 $162,269 $167,391 $167,779 $159,122 $152,955 $156,264 $165,316 22 $156,489 $164,873 $16,596 $167,926 $178,47 $169,59 $17,853 $178,49 $163,58 $166,822 $179,514 $183,11 23 $156,145 $167,676 $171,683 $181,357 $181,59 $195,688 $184,515 $178,691 $188,293 $186,31 $172,513 $175,72 24 $179,96 $187,89 $27,472 $26,552 $25,76 $212,784 $21,666 $25,14 $27,481 $211,24 $213,596 $213,196 25 $229,43 $234,23 $238,367 $246,656 $258,835 $257,55 $26,294 $265,947 $252,515 $259,698 $265,947 $266,731 26 $273,69 $274,948 $282,439 $277,76 $269,217 $273,71 $273,717 $268,48 $253,781 $266,854 $267,493 $261,348 27 $272,529 $26,27 $271,762 $278,992 $28,589 $298,477 $268,983 $273,932 $279,25 $262,251 $269,968 $26,196 28 $266,45 Average Sales Price by Type January 28 Average Sale Price per Area January 28 $6, MSFR $12,511 13.95% MH $9,238 1.45% SFR/NC $295,36 34.2% $5, $4, $3, $2, $1, CND/NC $156,48 18.7% TH/NC $21,474 23.33% $ N NE NW XNE XNW C E S SE SW XSW XS W XW Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 5
JANUARY 28 RESIDENTIAL SALES STATISTICS Median Sale Price by Type Total Listings Under Contract MSFR $115, 15.56% CND/NC $14,894 19.7% MH $87, 11.77% SFR/NC $216, 29.23% TH/NC $18, 24.36% SFR/NC TH/NC CND/NC MSFR MH 3,5 3, 2,5 2, 1,5 1, 5 1996 89 948 1,38 1,15 981 814 847 682 64 67 538 477 1997 699 766 911 851 87 859 856 775 765 691 712 613 1998 88 887 1,2 1,76 99 95 946 898 885 964 815 651 1999 861 961 1,251 1,148 1,145 1,228 1,88 957 954 859 913 624 2 689 1,3 1,216 1,39 973 954 969 896 813 846 814 649 21 887 1,89 1,285 1,168 1,246 1,217 1,131 1,148 911 1,11 92 84 22 1,18 1,254 1,415 1,555 1,427 1,345 1,335 1,335 1,241 1,243 1,251 1,17 23 1,319 1,41 1,71 1,719 1,712 1,684 1,62 1,515 1,316 1,414 1,233 1,14 24 1,47 1,676 2,64 2,766 2,44 1,978 1,916 1,71 1,652 1,742 1,593 1,282 25 1,259 1,881 2,188 2,285 2,391 2,257 2,28 1,961 1,877 1,766 1,528 1,236 26 1,672 1,796 2,25 1,928 2,19 1,712 1,89 893 747 782 891 678 27 863 1,94 1,192 1,217 1,191 2,53 1,777 1,24 989 993 91 799 28 1,79 Median Sale Price January 28 $25, $2, $15, $1, $5, $ 1997 $17, $11, $12,5 $14, $15, $17, $18, $13, $19, $112, $12,9 $15, 1998 $18, $13,9 $11, $11, $112,9 $117,9 $116, $112, $18, $19,5 $11, $111,965 1999 $113, $19,5 $115,5 $115, $12, $127, $119,9 $114,95 $114, $112, $114,2 $117,5 2 $19,9 $112, $117, $118,9 $12, $124, $121, $12,94 $121,5 $119,9 $124,5 $12,5 21 $119, $116, $124,7 $129,5 $127,5 $129, $129, $129,9 $124,8 $123,5 $129, $125, 22 $125,73 $128,9 $127,678 $13,895 $139,5 $137,9 $138, $14, $132,825 $136, $14, $138, 23 $13,37 $139, $137,5 $144, $145, $152, $147, $147,5 $146, $15, $141, $145, 24 $148, $148,75 $156,5 $159, $161, $167,733 $165,3 $167, $168,5 $162,5 $175, $169, 25 $175,295 $185, $19, $196, $26, $219,5 $22, $219, $219, $224, $226, $22, 26 $215,875 $227, $218, $219,25 $221,25 $225, $225, $22,9 $21, $211,5 $218, $215, 27 $22,365 $22, $222, $224,941 $223,5 $229, $218,75 $22, $215, $21, $213, $21, 28 $23,5 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 6
JANUARY 28 RESIDENTIAL SALES STATISTICS Number of Sold Listings by Area Annual Comparison 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 N NE NW XNW C E S SE SW XSW XS W XW 25 1,449 1,26 4,642 22 2,776 1,6 925 1,922 1,48 273 56 977 153 26 1,448 862 3,527 234 2,363 1,262 1,82 1,55 1,29 28 665 1,84 122 27 1,79 668 3,188 154 2,15 893 99 1,242 741 311 799 661 88 YTD 28 56 27 148 1 73 4 54 62 39 19 35 29 2 Average Sold per Area by # of Units Sold per Area by # of 2 3 4 5+ All 2 3 4 5+ All N $ 257,622 $ 382,68 $ 816,278 $2,287,5 $ 545,396 N 2 16 18 2 56 NE $ 174,4 $ 366,433 $ 439,532 $ 376,8 $ 346,328 NE 5 12 5 5 27 NW $ 29,163 $ 248,766 $ 41,565 $ 519,167 $ 288,894 NW 34 73 35 6 148 XNW $ 37, $ 116,929 $ 66, $ 468,16 $ 138,961 XNW 1 7 1 1 1 C $ 144,55 $ 244,838 $ 265,25 $18, $28,352 C 27 39 6 1 73 E $ 133, $ 185,721 $ 266,179 $ 1,415, $ 266,5 E 4 22 12 2 4 S $ 85,625 $ 15,142 $ 197,266 $ 262, $ 161,397 S 4 33 16 1 54 SE $ 1,523 $ 197,538 $ 273,53 $ 35,647 $ 22,9 SE 6 32 19 5 62 SW $ 88,822 $ 172,677 $ 174,556 $ $ 153,76 SW 9 21 9 39 XSW $ 185,75 $ 28,724 $ 411, $ $ 22,442 XSW 14 4 1 19 XS $ 149,88 $ 212,63 $ 257,963 $ 584,45 $ 239,15 XS 5 17 11 2 35 W $ 91,5 $ 248,967 $ 411,9 $ $ 26,769 W 3 21 5 29 XW $ $ 124,9 $ $ $ 124,9 XW 2 2 XNE $ $ $ $ $ XNE Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 7
JANUARY 28 RESIDENTIAL SALES STATISTICS Active Listings January 28 12, 1, 8, 6, 4, 2, 1996 4,215 4,331 4,344 4,359 4,42 4,513 4,58 4,74 4,73 4,76 4,543 4,59 1997 4,559 4,85 4,79 4,613 4,525 4,387 4,382 4,468 4,626 4,776 4,674 4,657 1998 4,771 4,714 4,739 4,569 4,524 4,363 4,412 4,446 4,579 4,683 4,576 4,517 1999 4,623 4,59 4,414 4,186 3,981 3,854 3,784 3,812 3,941 4,21 3,888 3,777 2 4,16 3,982 3,938 3,91 3,848 3,876 3,98 4,2 4,229 4,546 4,481 4,422 21 4,716 4,78 4,69 4,478 4,255 4,179 4,1 4,128 4,448 4,64 4,528 4,597 22 4,859 4,456 4,953 4,868 4,747 4,772 4,778 4,837 4,968 5,13 5,67 4,816 23 5,172 5,221 5,264 5,24 4,754 4,628 4,64 4,59 4,799 4,821 4,694 4,639 24 4,856 4,75 4,668 4,55 4,37 4,123 3,926 3,927 3,976 3,838 3,633 3,383 25 3,47 3,262 3,493 3,64 3,882 3,969 4,62 4,45 4,84 5,33 5,554 5,457 26 6,499 7,174 7,577 8,131 8,423 8,725 8,955 9,41 9,297 9,336 9,238 8,518 27 9,742 9,847 1,185 1,387 9,721 8,665 8,692 8,954 9,19 9,313 9,234 8,78 28 9,168 Area # of Listings N 843 NE 423 NW 2,489 XNE 12 XNW 116 C 1,119 E 494 S 576 SE 73 SW 744 XSW 391 XS 646 W 544 XW 68 Active Listings Unit Breakdown Active Listings Price Breakdown TH/NC 841 9.17% CND/NC 579 6.32% SFR/NC CND/NC MH MSFR 429 4.68% MH 95 1.4% TH/NC MSFR SFR/NC 7,223 78.79% 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, and over 2 4 6 8 1, 1,2 1,4 1,6 1 7 16 12 32 75 78 98 264 425 312 41 613 78 693 744 859 1,111 1,287 1,432 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 8
JANUARY 28 RESIDENTIAL SALES STATISTICS Average Days on Market/Listing January 28 1 9 8 7 6 5 4 3 2 1 1996 62 61 57 54 54 55 56 67 67 66 77 8 1997 86 86 79 81 77 8 75 7 76 78 76 8 1998 86 79 72 72 66 7 69 67 71 7 64 73 1999 74 75 66 64 61 62 62 61 58 56 59 62 2 65 64 59 57 51 49 53 51 5 53 51 56 21 62 61 55 55 49 49 47 46 5 47 48 56 22 61 6 53 52 49 47 5 52 52 5 5 56 23 59 55 57 53 52 53 52 52 5 56 53 52 24 56 61 6 64 52 47 43 41 39 41 43 4 25 45 39 37 35 3 28 26 26 3 31 34 39 26 44 45 45 45 5 46 49 53 5 57 6 64 27 68 63 64 65 61 64 65 69 73 7 72 76 28 83 Area Avg. DOM N 15 NE 87 NW 87 XNE n/a XNW 43 C 78 E 92 S 77 SE 73 SW 8 XSW 84 XS 83 W 9 XW 57 Annual Comparison Average Days on Market/Listing Average Days on Market/Listing Breakdown 9 8 7 83 121 18 Days 87 14.6% 181 + Days 53 8.9% 3 Days 126 21.2% 6 25 5 26 27 4 3 28 91 12 Days 87 14.6% 31 6 Days 141 23.7% 2 61 9 Days 1 16.8% Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 9
JANUARY 28 RESIDENTIAL SALES STATISTICS New Listings January 28* 4, 3,5 3, 2,5 2, 1,5 1, 5 1996 1,623 1,462 1,526 1,447 1,57 1,314 1,518 1,216 1,211 1,377 1,5 786 1997 1,553 1,287 1,54 1,342 1,258 1,245 1,317 1,275 1,49 1,334 1,157 98 1998 1,72 1,44 1,588 1,461 1,43 1,321 1,43 1,42 1,476 1,544 1,297 947 1999 1,772 1,487 1,76 1,456 1,41 1,476 1,388 1,429 1,414 1,33 1,265 89 2 1,376 1,42 1,527 1,328 1,395 1,392 1,288 1,457 1,415 1,542 1,358 892 21 1,844 1,512 1,71 1,59 1,521 1,585 1,62 1,67 1,574 1,777 1,352 1,15 22 2,124 1,695 1,897 1,951 1,755 1,741 1,782 1,726 1,851 1,952 1,549 1,191 23 2,261 1,882 1,977 1,877 1,746 1,811 1,889 1,798 1,799 1,91 1,528 1,231 24 2,24 1,831 2,4 1,941 1,816 1,898 1,896 1,789 1,85 1,75 1,539 1,127 25 1,947 1,574 2,15 2,12 2,21 2,293 2,132 2,351 2,44 2,474 2,313 1,638 26 3,29 2,973 3,25 2,892 3,169 3,232 2,867 3,145 2,97 2,886 2,38 1,79 27 3,499 2,376 2,71 3,85 2,96 2,82 2,766 2,337 2,497 2,399 2,224 1,59 28 3,744 Area # of Listings N 359 NE 155 NW 97 XNE 4 XNW 42 C 48 E 22 S 223 SE 249 SW 241 XSW 19 XS 221 W 18 XW 24 *Includes properties that were re listed Misc. MLS Information January 28 Month #Expired WD Release WD Temp Re-Lists January 28 813 1,161 31 456 February 28 March 28 April 28 May 28 June 28 July 28 August 28 September 28 October 28 November 28 December 28 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 1
JANUARY 28 RESIDENTIAL SALES STATISTICS Sale Price by Bedroom to 2 3 25 6 2 19 21 5 43 46 52 15 1 5 2 2 1 2 3 7 5 12 14 13 11 11 8 1 4 3 2 1 3 2 1 3 3 14 23 26 26 36 9 1 2 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 4 or More Total 35 12 3 29 3 1 12 25 2 15 1 7 1 12 2 18 13 8 8 8 6 4 27 46 47 66 69 57 74 27 23 5 1 2 1 4 2 2 5 3 3 4 12 8 11 8 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 11
Tucson Association of REALTORS, Real Estate Trend Indicator Tucson, AZ From: 1/1/28 to 1/31/28 Statistics generated on: 2/6/28 Residential Listing Statistics Active Listings Days on Market # Per Total Active Total Contingent Total Capa Total Pending Total Inventory Total Sold Area Area of Units Sold Under $29,999 1 1 2 N 843 1 3 Days 126 $3, to $39,999 7 7 2 NE 423 31 6 Days 141 $4, to $49,999 16 4 1 21 5 NW 2,489 61 9 Days 1 $5, to $59,999 12 5 2 19 3 XNE 12 91 12 Days 87 $6, to $69,999 32 9 5 46 3 XNW 116 121 18 Days 87 $7, to $79,999 75 2 3 8 4 C 1,119 Over 18 Days 53 $8, to $89,999 78 6 3 87 12 E 494 $9, to $99,999 98 12 1 3 114 8 S 576 $1, to $119,999 264 3 2 11 37 27 SE 73 $12, to $139,999 425 53 5 16 499 46 SW 744 $14, to $159,999 613 84 9 22 728 47 XSW 391 $16, to $179,999 78 77 5 36 826 66 XS 646 $18, to $199,999 859 74 5 28 966 69 W 544 $2, to $249,999 1432 115 12 68 1627 12 XW 68 $25, to $299,999 1111 79 6 37 1233 57 Sold Units per $3, to $349,999 662 52 3 19 736 5 N 56 $35, to $399,999 625 4 3 16 684 24 NE 27 $4, to $449,999 341 19 1 361 16 NW 148 $45, to $499,999 352 12 1 5 37 11 XNE $5, to $749,999 744 35 1 11 791 23 XNW 1 $75, to $999,999 312 1 5 327 11 C 73 $1,, to $1,249,999 82 4 3 89 E 4 $1,25, to $1,499,999 15 4 19 1 S 54 $1,5, to $1,999,999 18 1 19 3 SE 62 $2,, to $2,999,999 83 1 1 85 3 SW 39 $3,, and over 23 1 24 1 XSW 19 XS 35 Totals 9,168 728 53 298 1,247 594 W 29 XW 2 Jan. 28 Jan. 27 % Change YTD 28 YTD 27 % Change Home Sales Volume $158,272,6 $257,916,141 38.63% $158,272,6 $257,916,141 38.63% Home Sales Units 594 947 37.28% 594 947 37.28% Average Sales Price (All Residential) $266,45 $272,351 2.17% $266,45 $272,351 2.17% Median Sales Price $23,5 $22,365 7.65% $23,5 $22,365 7.65% Average Days on Market: 83 68 22.6% 83 68 22.6% Average List Price for Solds: $282,578 $282,71.5% $ 282,578 $ 282,71.5% SP/LP % 94.29% 96.34% 94.29% 96.34% Pending Contracts(Not yet closed in escrow) 1,79 863 25.3% Active Listings 9,168 9,742 5.89% New Listings 3,744 3,499 7.% Avg. Days on Market 83 Avg. Sold Price $266,45 Avg. Median Price $23,5 charts are an approximation of the flow of business as observed through the Tucson Association of Realtors Multiple Listing Service. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of Realtors nor the MLS guarantees nor is in any way responsible for its accuracy. Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 12