Tucson Real Estate June 2009 Update

This evening as I pulled the data for the Tucson Real Estate Market daily update I see that we have landed on 800 closed transactions at the end of the day.


Tucson Real Estate Absorption Rates June 2007

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Absorption Rates for May and June 2007
Tucson Real Estate Market

Area

June Listed

June
Sold

June
AR

May Listed

May
Sold

May
AR

Sold YTD

 
 
 
 
 
 
 
 

N
678
128
5.29
820
115
7.13
642

NE
406
59
6.88
462
66
7.00
363

NW
2343
310
7.55
2617
323
8.10
1779

XNW
104
15
6.93
113
13
8.69
88

C
1145
202
5.66
1349
220
6.13
1156

E
476
107
4.44
553
97
5.70
521

S
491
73
6.72
561
111
5.05
521

SE
772
116
6.65
890
134
6.64
697

SW
704
46
15.30
736
67
10.98
399

XSW
309
28
11.03
315
23
13.69
178

XS
664
70
9.48
695
74
9.39
402

W
503
63
7.98
533
59
9.03
375

XW
63
8
7.87
69
11
6.27
50

 
8,665
1,226
7.07
9,721
1313
7.40
 

This is just the third month we have been reporting absorption rates for the Tucson Real Estate Market. Here once again is how they are figured.
Absorption [...]


Tucson Real Estate HIGHEST AVERAGE SALE PRICE IN HISTORY!

Extra! Extra! Read all about it. Tucson records the HIGHEST Average Sale Price in History. New Average Sale Price record is $298,477.
This doesn’t just beat the old record it shatters it. by more than $16,000. The old record was set in March of 2006 at $282,439.
Median Sale Price HIGHEST in Recorded [...]


Tucson MLS Statistics for June 2007

The Tucson MLS Statistics were released on July 13, 2007. The numbers continue to reflect a strong and healthy Tucson Real Estate Market in June 2007. April was pretty flat, May showed improvement in sectors of the numbers. June reflects an even stronger market than May. Let’s take a look at the numbers and see [...]


Tucson AZ Real Estate

Did you know there are lake homes in Tucson?
Did you know there are homes with grass in Tucson?
Did you know Flowers grow on cactus?
Did you know there are tall beautiful palm trees growing in the desert?
Did you know you can make pancakes from the pods ground into flour from a mesquite tree and pancake syrup [...]


Tucson MLS Statistics for May 2007

The numbers are in for May and it wasn’t the static month April turned out to be. In April I compared the Tucson MLS Statistics to getting Socks at Christmas. The market seemed to take a pause with little change. May was a different story.
Tucson MLS Statistics Apr 07 – May 07 Summary

Category

Apr
2007

May
2007

Diff.

Avg. [...]


Tucson Real Estate Absorption Rates April 2007

Absorption Rates for Tucson Real Estate Market
April 2007 and YTD

Area

Active Listings

Sold
1 mo

AR
1 mo

Sold YTD

AR YTD

N
851
103
8.26
375
9.08

NE
471
61
7.72
238
7.92

NW
2668
316
8.44
1122
9.51

XNW
111
15
7.40
57
7.79

C
1325
205
6.46
702
7.55

E
560
71
7.89
311
7.20

S
557
107
5.21
322
6.92

SE
881
108
8.16
426
8.27

SW
731
63
11.60
272
10.75

XSW
319
38
8.39
125
10.21

XS
686
69
9.94
246
11.15

W
482
63
7.65
243
7.93

XW
75
8
9.38
30
10.00

PE
12
1
12.00

PS
29
5
5.80

CCO
316
30
10.53

CPI
100
11
9.09

CSC
154
9
17.11

10328
1280
8.07

X designates extended Ex. XS=Extended South
PE Pinal County East
PS Pinal County South
CCO Cochise County
CPI Pinal County
CSC Santa Cruz County

The shortest months supply is in the South with 5.21 months inventory.
The highest is the Southwest with 11.60 months supply.
Since the April data [...]