The Tucson region’s luxury home market continues to be weighted down with an oversupply of inventory and sluggish sales. While the majority of Tucson’s homes are showing tremendously positive signs of a recovery and even price increases, the luxury market has likely not yet hit its bottom. The February Tucson MLS statistics show a total […]
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The Tucson Association of REALTORS released the MLS statistics for the month of February and the signs are extremely encouraging. Among the highlights are: Active Listings decreased for the fourth consecutive month and ended at just 4,560 listings, down 5.79% from January. Total Unit Sales rose 11.37% from January to 1,019, which represents an increase […] The recently published real estate market statistics for December 2011 are quite enlightening and show some real signs of positive traction looking into the future. Perhaps the most interesting of all the stats is that there were only 4,911 Active Listings at the end of the month. With sales hovering around 1,000 homes per month […] The latest housing report published by Bright Futures Business Consultants shows a mixed bag of pricing trends. The median price for a new home in Tucson reached $214,743, which is the highest point of the year. However, the prices of resale homes and foreclosures sank to new lows with the median price falling to $91,700. […] There’s good news again in the media about the Tucson housing market. While home prices have declined in the last couple years a Fiserv Case-Schiller projection shows a flat market from the 1st Quarter of 2011 to the 1st Quarter of 2012, but anticipates a 10.2% price increase from Q1 2012 – Q1 2013. That […] Statistics released by the Tucson Association of REALTORS© show mixed results overall in the local housing market. Here’s a general breakdown of the positive signs: Total Unit Sales increased from May by 5.21% to 1,312 and are up 12.14% over June 2010 New Listings held relatively steady from may at 1,272 (up 1.68%), but substantially […] Good news may have been hard to come by in the local real estate market at times over the last few years, but there continue to be some glimmers of hope for real improvement ahead. For the fifth staight month the number of foreclosure notices has decreased according to the Pima County Recorders Office. In […] Distressed properties continue to be the driving force of sinking home values throughout Pima County, but there are signs of good news on the horizon. The last two months have seen the lowest number of trustee sales notices (essentially notices of default but prior to being foreclosed upon) issued to area homeowners. Actual foreclosures are […] Both nationally and locally in Tucson the number of existing sales rose last month. Nationally that is the sixth increase in the last eight months, demonstrating a trend of activity as people re-enter the real estate market due to favorable affordability conditions and a healthy supply of inventory to choose from. This 3.7% national increase […] Statistics released by the Tucson Association of REALTORS© 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 […] |
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