Tucson AZ home sales in 2016 continue to improve at an increased pace over 2015. The number of home sales are up and home inventory is down, which put an upward pressure on home prices. In August, 1,391 Homes were sold in Tucson with an additional 1,633 Tucson Homes going under contract.. There are 3,902 Tucson homes currently for sale. The median price of a Tucson home that sold in August was $185,000.
Tucson AZ Homes Sales Stats for August 2016 that you need to know:
In the Tucson Main Market area, August 2016 active inventory was 3,902, a 19% decrease from August 2015. There were 1,391 closings in August 2016, an 11% increase from August 2015. Year-to-date 2016 there were 11,379 closings, a 9% increase from year-to-date 2015. Months of Inventory was 2.8, down from 3.8 in August 2015. Median price of sold homes was $185,000 for the month of August 2016, up 6% from August 2015. The Tucson Main Market area had 1,633 new properties under contract in August 2016, up 11% from August 2015.
** All sales data obtained from the Tucson Association of Realtors MLS. Data is believed to be reliable, but not guaranteed. **