Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community

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The Tucson Association of REALTORS Multiple Listing Service has issued the residential sales statistics for the month of December 2012, and here are some of the highlights:

  • Average sales price was $183,011 which was up 0.26% over November
  • Average list price was up .28% in December, and is up 10.65 from December 2011
  • Total under contract decreased 9.61% in December, but up 6.25% over last year
  • Total unit sales decreased by 5.23% since last month
  • New listings decreased 14.71% in December from November's
  • Average # of days on the market increased to 55 in December
  • Cash sales accounted for 33.1% in December

These numbers reflect seasonal factors:  Fewer people wanted to put their home on the market during the holidays.  Fewer buyers were out shopping for homes and writing contracts.  But prices remained on the upward trend, if ever-so-slightly, and are still up substantially over last year.  The forecast for market recovery is still positive for 2013.

 

Patricia Paul, Broker  *** This e-mail address is being protected from spambots. You need JavaScript enabled to view it   ***  520-548-2078



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