As of October 2009 active inventory was 6,273, a 22% decrease from October 2008. There were 995 closings in October 2009, a 25% increase from October 2008. Months of Inventory was 6.3, down from 10.1 in October 2008. Median price of sold homes was $159,000 for the month of October 2009, down 12% from October 2008. Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 83% from October 2008.
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Real Estate Resources
Weekly blog from James Servoss an Associate Broker with Long Realty, Southern Arizona's leading real estate company. Check back often to get the latest news on Tucson's exciting real estate market.