Our monthly statistics provide us with valuable information to share with prospective clients, as well as those we’ve done business with in the past. It is a snapshot of what’s happened in the Tucson Real Estate Market during the previous month and suggests trends that may be different from what we, as agents, individually, are experiencing. However useful these reports may be, nothing can compare with the specific research your Realtor can provide.
According to the Tucson MLS August Statistics our percentage of homes sold rose by over 11 percent over July. This was an unexpected surprise. I had anticipated a dip in sales due to the expiration of the First Time Home Buyer Tax Credit. Our median sales price continues to hover at around $150,000. Although new listings have decreased over 20 percent, our number of active listings is the highest to date, up 7.5% over the previous month. Corresponding to this, we saw that the days on market in many areas of the Tucson Real Estate Market rose from low to high 90’s in some areas. You can read the full report, including detailed charts and graphs here.
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