Tucson Unit Sales Up, Price Dips

The statistics for May 2010 show that total unit sales are up for the Tucson market, gaining 3.5% over last month and 28% over the May 2009. Another promising statistic for the housing market is the reduction in average days on the market which stands at 66 for May 2010 compared with 85 one year ago. While the average sales price did drop slightly this is somewhat indicative of the market being much more robust in that lower price range. This news is also counterbalanced by the fact that the sales price compared to list price has improved, showing sellers are a bit more realistic with list prices in today’s market spurring more home sales in a timely manner as evidenced by the reduction in days on the market.

Stephen Woodall
REALTOR, GRI @ Long Realty Company
Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.

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