The official numbers are out from the Tucson Association of Realtors. Tucson home sales volume increased by 5.86% and total home sales increased by 8.1% over that of March 2008. Good news for home sellers and the local market. The numbers of available homes decreased by 2.37%. Indications are there to show the Tucson real estate market is heading toward a healthy market again. Tucson has always remained in better condition than many areas of the nation.
Prices decreased, what buyers want to hear. The average sales price dropped by 2.08% over that of March, while the median price lowered by 2.5%. More good news. Especially with interest rates holding in the high 5% to low 6% range. Changes have been very slight for months. Which brings to mind, a client with exceptional credit and savvy loan shopping closed on the purchase of his home a few weeks ago for 5.375%. So, those deals are out there. Read the rest of this entry »
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