Friday, April 19, 2013

March Residential Sales Statistics

The Tucson Association of Realtors has published the Residential Sales Statistics for March 2013. Average sale price was $191,881, which is up 27% since the Tucson market hit bottom in September 2011. Average sale price is even up 5% in the past two months.

Dividing the 4,210 listings by the 1,329 sales gives a 3.2 month supply of listings. Anything below a six month inventory is a sellers' market.

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