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%