Multiple Listing Service of Southern Arizona Monthly Statistics October 2016.  Below are some highlights from the October Residential Sales Statistics:

 Total Sales Volume is down this month to $273,080,211 from last month’s number of $293,536,476, which is a decrease of 6.97%, but an increase of 8.65% since October 2015.

 The Average Sales Price dropped 1.65% to $216,902, from $220,538 in September.

 Average List Price of $222,728 is an increase of 2.99% from September’s number of $216,257.

 Average Days on Market stayed at 49 for the second month in a row.

 Total Under Contract increased by .48% this month.

 Total Unit Sales 1,259 is down 5.41% from 1,331 in September, but is up 5.98% from October 2015.

 The Median Sales Price $178,000 is up .56% from last month’s number of $177,000 and 2.99% over October 2015.

 New Listings, 2,061 is an increase of 5.42% from September’s number of 1,955.

 Total Active Listings of 4,103 is an increase of 2.68% since September.

 Conventional loan sales of 45.0% exceeded Cash Sales of 23.3%