October Residential Sales Statistics

The Tucson Association of Realtors has released the Residential Sales Statistics for October. Average sale price decreased 3.4% from September to October, but is still 16% higher than a year ago. 1,074 properties were sold in October, a 9.37% increase from a year ago. As the holidays approach, I expect we will see the usual decline in sales activity until the market gets lively again in January.