Tucson, Arizona Real Estate Market Report for January 2010
What a great start to the New Year! January 2010 is continuing to show that the market is on the move. As you will see below January 2010 has shown the following increases over January 2009: Home Sales Units (+15.77%), Home Sales Volume (+13.03%), Pending Contracts (+22.74%), and New Listings (+34.74%). These are all positive signs that the comfort level in the housing market is increasing.
In January 2010 1,155 homes, condos, and townhomes went under agreement. That's nearly 23% better than the previous year when 941 went under agreement in January.
In January 2010 Total Sales Volume was $143,268,044 a 13% increase from January 2009 when total sales volume was $126,748,154
The average selling price last month was $210,592 down nearly 5%y from $219,583 in January 2009.
New Real Estate listings for January 2010 were 2424 up 34% from 1799 in January 2009
Active Listings last month were 6618 down from 7532 in January 2009. That's over a 12% decline which is a good thing!
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I'm Kevin Wood of Realty Executives, and I'm the author of this post. You can reach me through email at Kevin@HomesInfoTucson.com , 520.260.3123, or visit my website at HomesInfoTucson.com. I have helped people just like you move in and out of Tucson for nearly 5 years. In a previous career, I represented Honda Automobile Corporation in Toledo, Ohio for 10 years. During that time, I placed among the top 5% of all sales consultants nationwide for overall client satisfaction and volume. My office is conveniently located on Kolb Road 1/4 mile south of Tanque Verde.
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