The official numbers from TAR are out. With the anticipated seasonal decline in sales for July, residential home sales were slightly higher than predicted. Eight months ago I predicted 927 sales, 945 sales were officially reported, as of this writing 949 sales were recorded for July. Tucson home sale units decreased by 8.61% over that of June, which can be expected. July always has a 8–9% lower sales volume than June.
The number of available homes repeated previous months by decreasing an additional 3.24%. We have seen inventory decrease for several months. We are now below 8,000 available homes. A good sign for a recovering home market. Continual good news for home sellers and the local real estate market. I predicted that we will see a very healthy market when we reach 7,000 available homes. We are headed in the right direction. Not there yet, but, getting there. Read the rest of this entry »