Tucson MLS Closed Transactions Pass 1025 for May 2008
June 4, 2008
Post Tags: Tucson Real Estate Market , Tucson-MLS-Statistics-Report
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Adding a Little color for interest.
Just a quick update on how the Tucson Real Estate Market faired for May 2008. It looks like Average and Median Sale Prices are going to be reported lower than April. Pending contracts appear to be up, New listings down slightly and Active listings under 9000 for the month.
The market is showing strength in the number of closed and pending transactions while giving back some of the gains made over the past 5 years. Some subdivisions and neighborhoods have as little as 4 months of inventory.
Six months of inventory for the entire Tucson area is considered “normal” and we are over that by 4 to 5 months. It will be another 10 days or so before the final Tucson MLS Statistics Report for May 2008 is released. When it is it will be available here along with analysis of the report on our Tucson Real Estate in the News blog.
