There is no doubt that 2007 turned into a Buyer’s Market. December was a reflection of previous six months of real estate sales. Not as good as many homeowners and Realtors would have liked. Not immune to the events of the year. But, better than many parts of the country.
Tucson real estate sales for the month of December decreased over that of November. The market always slows down for the holidays. There were 669 MLS reported sales for December as of December 3rd, compared to the 757 official home sales for November. Verifying those November sales today and you can see that there are 37 Realtors out there late with their reports to reflect an actual 794. An improvement over October which saw 69 late reported sales.
The number of homes on the market without an offer dropped from November’s 9,135 to 8,539. Homes that are active with offers number 603, while there are 437 pending sale within a few days of Close of Escrow.
The Tucson Association of Realtors official report will be out later month. It will be interesting to see what is reported. See you then.