Tuesday, November 13, 2007

October Residential Sales Statistics

Tucson Association of Realtors has released the Residential Sales Statistics for October. The average sale price was $262,251, which is 12% less than the record high achieved in June of this year, but only 1.7% lower than the October 2006 average.

The median sale price is also less than June's all time high, but only $1,150 lower than it was twelve months ago.

Number of active listings has been increasing since July this year. In October, 9,313 properties were for sale through the MLS.

Number of sold properties increased from 683 in September to 790 in October, but sold units are still 28% below a year ago.

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