Home sales in the Tucson market fell 2 percent in September compared with the same month last year, while the median price was down about 9.5 percent, according to the most recent report from the Tucson Association of Realtors Multiple Listing Service.

The 945 sales in September were down 3.6 percent from August.

Homes sold last month at a median price of $163,000, down from $180,000 last year but up slightly from $162,595 in August, the Realtors group said.

The median price — which falls in the middle of prices paid — is considered a more accurate measure than average price because it negates the effect of very low or very high prices.
The average sales price in September was $196,755, down from $199,626 in September 2008, the Realtors said.

Pending sales contracts were up nearly 60 percent in September from the same month last year, and up 4.6 percent from August.

In the third quarter compared with the first quarter, sales were up 39.5, the median price was down 1.7 percent and active listings were down 20 percent.

MLS President Kimberly Clifton noted that active listings have been dropping all year and the Realtors expect that trend to continue as homebuyers take advantage of tax credits.

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