Tucson real estate sales statistics for November

My kitty cat seems to be holding his own; maybe he's waiting for my husband to get back into town. Anyway I figured I'd better make an entry or two before things go downhill. Tucson's November real estate sales statistics were released on Tuesday and it looks like prices are picking up a little in Tucson. The average sales price was up from previous months but pending contracts, active and new listings were down.

- Tucson's average sales price for November was $269,968, up 3% over October's average of $262,251. It's also a 1% increase over the average sales price in November of 2006.

Tucson Average Sale's Price for November

- Tucson median sales price for November was $213,000, up 1.5 % from October's median price of $210,000. This number was still a 2.3% decrease from November 2006's median price of $218,000.

- There were 910 pending contracts in November, down 9% from October's number of 993, but up 2.13% from November 2006's number of 891.

- The average days on market for November rose to 72, up almost 3% from October's number of 70, and up 20% from November 2006.

Tucson Average Day's on Market

- Tucson had 9,234 Active listings in November, down 8.5% from October and down almost half a percent from November 2006.

- Tucson saw 2,224 New listings in November, down 8% from October's number of 2,399 and down 7.65% from November 2006.

- The number of units sold in Tucson during November was 759, down 4% from October's number of 790 and down a whopping 23% from November 2006's number of 982.

Let's face it, it's a tough market right now. I have a lot of buyers beginning their serious home searches after the holidays are over, and the inventory is great for them. Nothing better then lots of selection and reasonable prices! I expect that prices will drop for December and rise again in January; that's the Tucson trend. I've found that retirees and second home buyers really become aggressive in their searches once New Years is over. There are also several Tucson events (the Tucson Gem and Mineral Show and Accenture Match Play Golf Championship) that bring thousands of visitors to Tucson in January, many of whom decide to buy homes because of our beautiful climate. Let's keep our fingers crossed!

See more Tucson real estate sales statistics for November 2007