December Statistics Show Some Positive Signs

Statistics released by the Tucson Association of REALTORS&copy demonstrate some slight improvements throughout the Tucson area marketplace. Total unit sales were up 13.38% over November and 2.37% over December of 2009. Not only were the number of closed sales higher but the average sales price edged up 3.13% over November, but still remains a bit lower than a year ago. New listings were also down and the median sales price remained essentially unchanged. All of these signs line up well with the slow economic recovery we’re beginning to see signs of nationally as well. While it’s not a time to proclaim that all is well again in the real estate market locally, a few more consistent months similar to this would be a positive sign of continued market stabilzation. Stable conditions are probably the best case scenario for the Tucson real estate market in the short term, although this area’s continued growth and attractiveness to winter visitors should provide demand well into the future and eventual housing recovery.

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.