Tucson Rental And Real Estate Market Sales - October 2011

Tucson Rental Market October 2011

Number of Tucson Homes For Rent - Active- 568

Number of Tucson Homes rented in October - 181

Average Days on Market - 46

Average Rent Price: $1186.00

Below are some highlights from the October Tucson Real Estate Statistics from the Tucson Association of Realtors:

October brings Tucson up 30% in Sales!

· Total Sales Volume showed a slight decrease from September to October of 7.03% but an increase of 11.92% over October 2010.

· Average Sales Price increased .74% from $150,699 in September to $151,812 in October.

· Total Under Contract increased .58% over September, and increased 9% from October 2010.

· Total Unit Sales decreased from 1,064 in September to 982 in October, resulting in a 7.71% decrease.

· The Median Sales Price increased 2.13% from September.

· New Listings increased from1,256 in September to 1,280 in October.

· There are 5,290 Active Listings in October. This is prime season to start listing your home and Sellers are actively moving into the market!

· Average Days On Market - Huge drop - down to 74 days over last month which stood at 97!