Tucson home sales fall as prices edge up

2013-12-10T14:45:00Z 2013-12-10T19:19:04Z Tucson home sales fall as prices edge upArizona Daily Star Arizona Daily Star
December 10, 2013 2:45 pm  • 

The number of home sales in the Tucson area dipped in November as sales prices rose, according to the latest figures from the Tucson Association of Realtors.

A total of 933 listed homes were sold in November, down 17 percent from October and 6 percent fewer than November 2012, according to the Realtors’ Multiple Listing Service.

The average sales price of $191,763 in November was essentially flat from October but up 5 percent from the same month last year.

The median sales price — which moderates the effect of the very highest and lowest sale prices — was $159,500 in November, up 2.9 percent from October and an increase of 10.3 percent from November 2012.

November’s home sales were worth $179 million, down nearly 18 percent from October and a decrease of 1.4 percent compared with November 2012, the Realtors group said.

New listings fell 18 percent from October, to 1,751 in November, while total active listings rose 2 percent from October to 5,286.

The average days home stayed on the market increased to 51 for November from 50 in October, while the average list price fell slightly from October, the Realtors said.

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