Tucson home sales slip in Sept., but still outpace 2012

2013-10-15T00:00:00Z 2013-11-05T15:01:47Z Tucson home sales slip in Sept., but still outpace 2012Arizona Daily Star Arizona Daily Star
October 15, 2013 12:00 am  • 

Home prices and sales in the Tucson area slipped in September, though they still outpaced the same month last year, according to the latest figures form the Tucson Association of Realtors.

The average sales price in September was $189,042, down about 1 percent from August and up nearly 4 percent compared with September 2012, according to the Tucson Realtors’ Multiple Listing Service.

The median sales price — which lessens the effect of the highest and lowest prices — was $155,399, down 3 percent from August but still up 7.2 percent from last year.

Some 1,051 homes listed in the Tucson area were sold last month, nearly 13 percent fewer than August but 12 percent more than September 2012.

New listings increased 10.7 percent from 1,819 in August to 2,014 in September, while there were 4,717 active listings in September, up 11 percent from August and nearly 23 percent from September 2012, the Realtors said.

The average days homes in the area were on the market before sale decreased to 47 for September from 48 in August. Conventional loan sales accounted for 37 percent of September’s sales, topping cash sales of about 30 percent, the Realtors said.

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