Tucson South, AZ – Real Estate Market Data – December 2012
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December Property sales were 63, down 33.0% from 94 in December of 2011 and 14.9% lower than the 74 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December YTD sales of 1,059 are running 11.6% behind last year’s year-to-date sales of 1,198.
The Median Sales Price in December was $85,000, up 7.7% from $78,950 in December of 2011 and up 9.7% from $77,450 last month. The Average Sales Price in December was $90,449, up 12.1% from $80,681 in December of 2011 and up 3.5% from $87,365 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 199, down 16.4% from 238 last month and down 43.9% from 355 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 3.2 months was at its lowest 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 87, up 1.2% from 86 days last month and down 14.7% from 102 days in December of last year. The December 2012 DOM was at its lowest 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.