Tucson Absorption Rates January 2010 9.12
February 22, 2010
Post Tags: Tucson Absorption Rates January 2010 , Tucson Real Estate Market
January took it’s usual increase in the absorption rate with the annual influx of new listings for the month. Last January we saw an increase from 9.84 in December of 08 to 13 + months for January. This year it was 6.79 to 9.12; not quite a 3 month increase. There were over 1,100 pending contracts in January so hopefully the February absorption rate will drop a bit. Too early to tell at this point.
Every area of Tucson saw an increase in inventory in January. The graph shows the numbers and tells the story.
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