I do not like doom and gloom, however, reality is reality and honesty is the best policy. If September’s first 20 days of real estate sales in greater Tucson is an indication of the full month, sales will be much lower than anticipated. By August 20th there were 592 recorded sales in the MLS. The September 20th number is considerably lower at 385. Watching the number of homes coming on the market the months of inventory are climbing again.
As of the time of this writing, we are looking at 9,924 homes for sale in and around greater Tucson. Of those 9,900 there are 786 under contract with an additional 549 pending sale. Looking at the total sales for August, September may be hard pressed to see 1,000 sales. Not what I or anyone wants to hear. September traditionally sees approximately 200 less sales than August, with an ever so slight increase for October.
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