Tucson MLS Statistics Reporting – The Two Minute Warning Imagine if all sports reporting was based on what the score was at the 2 minute warning.  Winners and losers declared based not on the end of the game but on where the score was at the 2 minute warning. Would you consider all sports reporting [...]

The Absorption Rate for the Tucson real estate market dropped a slight 0.01 percent in August. But considering the fact this is one of the hottest months here in the desert it was unexpected to see a drop period. There were more listings than in July but overall there were sales to more than off-set [...]

The schedule for pulling MLS data for the monthly statistics report is 3 business days after the close of the month.  This gives brokerages time to enter their sales that closed in the last couple days of the month. I pulled the summary  numbers this morning a few minutes before 9 am.  It looks like [...]

And it is coming from the inventory room. We have seen steadily falling available inventory in Tucson since the beginning of the year.  When we fell below 6,000 available properties we went below the 6 months of available inventory, considered to be a “normal” market inventory. In April our Active Listing inventory fell to 3,770.  [...]

March is about to go out like a Lion.  When it comes to months with a strong close, March is the strongest of 2012.  There are some good indicators in the statistics as we get ready to close out the first quarter of 2012. REO’s Short Sales are Down in Tucson Jumping right in, the [...]