Looking to relocate to the Tucson area full time or just want to escape Winter weather elsewhere? Here's what Tucson's residential real estate market looked like in the month of November.
It's not unusual for the real estate market to cool off in the Fall/Winter as the weather cools and holidays approach. The Tucson market reflected that in November, with total sales volume dropping 8.6 percent to just shy of $294.3 million. However, year-over-year sales volume was up 5.31 percent.
Sales and list prices rose for November, with average sales rising to $258,599, up 2.78 percent from October. List prices jumped 3.11 percent to $264,688, according to the monthly report by MLSSAZ.
Median sales prices rose 1.86 percent to $219,000 from October and 5.53 percent from last year's median sales price of $207,527.
The total number of homes under contract and closed sales in the Tucson market were down, 5.67 percent and 11.09 percent, respectively. A total of 1,138 homes sold in Tucson in November.
The most active price range for sales in November was from $200,000 to $249,900. The second most active price range for the month was $300,000 to $399,999.
There were 3,332 total active listing in the Tucson market in November, which is a slight increase over October. The average number of days on the market dropped to 38 from 41 for November.
The northwest area of Tucson had the largest share of the sales volume with $69.93 million, or 245 homes sold, followed by north Tucson with $43.63 million, or 102 homes sold, in November.