Tucson Market Statistics for July, 2012
What's going on in the Tucson Market for Real Estate right now? This handy graph provided by Long Realty paints a clear picture of the increase in sales, decrease in inventory, and where we are at price-wise in comparison to the high-water marks of April 2006.
Combine low interest with affordable homes, and you've got two great opportunities. Buy now, as prices are showing a modest climb in value, with pocket neighborhoods experiencing multiple bids. Or, sell now while the inventory drives interest high...and move into your next chapter of life.
Call me if you'd like more details on the Tucson Metropolitan area. I'm happy to send you neighborhood statistics for your area of town - whether it be Oro Valley, Marana, or Sahuarita...we've got the numbers!
8% Increase units sold compared to YTD July 2011.to YTD July 2012.
66% Decrease of active listings since high water mark, April 2007 to July 2012
28% Decrease of active listings since December 2011 to July 2012
3.2 Months of inventory in July 2012
85739 Zip code with highest of 8.4 months of inventory.
14.8 Months of inventory, for properties over $800K.
47% Decrease in Average Sales Price from high-water in April 2006 to low-water in September 2011.
21% Increase in Average Sales Price since low point September 2011 to July 2012.
49% Decrease in Median Sales Price since high-water in November 2005 to low-water in September 2011
21% Increase in Median Sales Price since September 2011 to July 2012.
Tucson Main Market
These statistics are based on information obtained from the TARMLS using Brokermetrics software on 8/3/2012. Information is believed to be reliable, but not guaranteed.