Tucson's October Real Estate Sales Statistics

Tucson's real estate sales statistics for October were just released by the Tucson Association of Realtors and once again it looks like we're holding steady. The number of home sales, active listings, and new listings were actually up from September, but Tucson saw a 6% decrease in average sales price from September. Pending contracts for this same time increased by about half a percent.


Tucson's average sales price for October was $262,251, a 6% decrease from September's average of $279,025, and a 1.72% decrease from October of 2006.

October Average Sales Price for Tucson

- Tucson's median sales price for October was $210,000, a 2.3% decrease from September's median price of $215,000, and a .71% decrease from October 2006's median price of $211,500.

- There were 993 Pending contracts for October, only a slight (.4% ) increase from September's 989 pending contracts.

- The average Days on Market was 70, down 4% from September. (Remember, this number is easy to manipulate so take the DOM statistics with a grain of salt!)

Tucson Average Days on Market

- Tucson had 9,313 Active listings for October, a 1.3% increase over September, but a .25% decrease from October 2006.

- Tucson saw 2,399 new listings in October, a 4% decrease from the number of new listings in September, and a 17% decrease from October of 2006.

- The number of Tucson home units sold in October was 790, a 15.5% increase from September's number of 683. This number was still a 28% decrease from October 2006.

These numbers mean a few things; while some homeowners are sitting out for awhile and waiting to sell (fewer new listings), others are negotiating more with potential buyers to make a sale (more pendings). The decrease in average sale price just means it's a great time to buy, especially if you're in the market for a second home and don't need to sell your primary residence. There's still a great selection of inventory; as of today there are 8712 properties available in the Tucson real estate market. Now is the time to start looking for that dream vacation home that you can be yours by the beginning of winter!

See more Tucson Real Estate sales statistics for October