July 2008 Tucson Residential Sales Report

By
Real Estate Agent with Tierra Antigua Realty

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 »

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Rainmaker
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Kent Simpson
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People

It sure is nice to see our inventory moving down to healthier numbers!  Good post, Doug (next time you pass Tonna's desk, ring the bell & tell her it is from me) LOL

Aug 13, 2008 02:30 PM #1
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Rainmaker
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Douglas Trudeau

MBA, Assoc. Broker, Selling Tucson Real Estate
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