How is the Tucson Real Estate market doing?

There are some interesting statistics that have been appearing over the last few months in the Tucson Real Estate Market.

New Tucson Properties going under contract for the month of Feb 2009 went up 10% compared to new properties going under contract in February of  2008.

Another notable fact is that there were also 26% LESS new listings coming on the market in February of  2009 when you compare to February of  2008.

The Residual Inventory of Tucson Homes in February of  2009 was also 17% below February of  2008.

Just as a FYI, residual inventory is the listing inventory that is being carried forward from earlier months.

So what does this all mean to you?

Well the  rate of new Pending Tucson properties  is up, and there are less new listings coming on the  Tucson Housing Market.

There are also less "left over" listings. ...all these factors count towards a stabilizing Tucson Real Estate Market.

We still foresee Short sales and REO properties coming on the market at a lesser degree,  but there will be less choice for the Buyer.

Call us for your specific zip code and community stats.

Anne and Eddie McKechnie

Tucson Real Estate Experts

Coldwell Banker Residential Brokerage

2890 E Skyline Drive Ste 250

Tucson Az 85718

Search for homes here

Office (520)529-7507