Tucson Northeast, AZ – Real Estate Market Data – December 2012
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December Property sales were 38, down 20.8% from 48 in December of 2011 and 32.1% lower than the 56 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December YTD sales of 585 are running 4.8% ahead of last year’s year-to-date sales of 558.
The Median Sales Price in December was $212,000, down 5.1% from $223,500 in December of 2011 and down 5.8% from $225,000 last month. The Average Sales Price in December was $241,506, down 3.3% from $249,836 in December of 2011 and down 3.7% from $250,713 last month. December 2012 ASP was at the lowest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 270, down 10.9% from 303 last month and down 16.7% from 324 in December of last year. December 2012 Inventory was at its lowest 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 7.1 months was at a mid 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 91, up 11.0% from 82 days last month and down 8.1% from 99 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.