Tucson Extended Southwest, AZ – Real Estate Market Data – December 2012
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December Property sales were 25, down 16.7% from 30 in December of 2011 and 21.9% lower than the 32 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December YTD sales of 388 are running 8.1% ahead of last year’s year-to-date sales of 359.
The Median Sales Price in December was $119,500, up 6.7% from $112,000 in December of 2011 and up 3.4% from $115,625 last month. The Average Sales Price in December was $146,704, up 7.1% from $136,967 in December of 2011 and up 25.6% from $116,759 last month. December 2012 ASP was at the highest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 288, up 0.7% from 286 last month and up 1.8% from 283 in December of last year. December 2012 Inventory was at a mid level compared with December of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2012 MSI of 11.5 months was at its highest level compared with December of 2011 and 2010.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for December was 152, up 33.3% from 114 days last month and up 68.9% from 90 days in December of last year. The December 2012 DOM was at a mid level compared with December of 2011 and 2010.
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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.