Tucson Housing Report for December 2009
As of November 2009 active inventory was 6,414, a 20% decrease from November 2008. There were 981 closings in November 2009, a significant increase of 51% from November 2008. Months of Inventory was 6.5, down from 12.4 in November 2008. Median price of sold homes was $164,000 for the month of November 2009, down 8% from November 2008. Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 83% from November 2008.
Contact James Servoss at jservoss@longrealty.com or visit me at www.servingtucson.com or www.luxurytucsoncondos.com for more information on the current state of our real estate market.
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