Phone: 520.971.4380
THE SOUTHWEST GROUP - Tucson Arizona & Surrounding Communities
Real Estate Market Statistics
Tucson Residential Real Estate Activity
September 2019
Quick Facts
      + 4.9%                                       + 11.4%                                    - 20.9%
    Change in                          Change in                         Change in
  Closed Sales                  Median Sales Price           Homes for Sale
  All Properties                           All Properties                  All Properties
With the kids back in school and the weather cooling, the housing market
begins its annual cooldown as well. Nationally, buyer and seller activity
remained strong, buoyed by low mortgage rates and a strong economy. The
market fundamentals suggest no significant changes from recent trends,
other than the seasonally tempered pace we see this time of year. As we
move into the final three months of 2019, buyers will find fewer homes
coming on the market, but also less competition for those homes.

New Listings increased 0.7 percent for Single Family and 16.9 percent for
Townhouse/Condo. Pending Sales increased 21.3 percent for Single Family
and 4.9 percent for Townhouse/Condo. Inventory decreased 22.0 percent
for Single Family and 8.8 percent for Townhouse/Condo.

Median Sales Price increased 11.1 percent to $250,000 for Single Family
and 8.5 percent to $157,375 for Townhouse/Condo. Days on Market
decreased 9.8 percent for Single Family and 3.4 percent for
Townhouse/Condo. Months Supply of Inventory decreased 25.9 percent for
Single Family and 6.7 percent for Townhouse/Condo.

In Washington there are discussions around a broad overhaul of the
housing finance system, including the re-privatization of Fannie Mae and
Freddie Mac and reforms to federal agencies involved with financing
substantial portions of the mortgages made every year. Many of these
policy conversations and eventual changes will take months or years to be
implemented and their impact is not yet clear. While Halloween decorations
are beginning to adorn homes around the country, the real estate market
this fall is looking far from scary.
Download the Full Reports here:
Click here to access the Multiple Listing Service of Southern Arizona Residential Statistics for the month of September.
Click here to access the Multiple Listing Service of Southern Arizona Rental Statistics for the month of September. 

Tierra Antigua Realty
1650 E River Road, Ste 202 • Tucson, AZ 85718
Phone: 520.971.4380 •