Tucson real estate

Tucson Real Estate Market Update - June 2009

The second half 2009 should prove fascinating in the Tucson property Market.

The month of June has closed out the first half of the year by breaking records for the year. As was mentioned last month, many economic gurus were waiting for a six month trend in the market to make a deduction as to whether our real estate market was on the way to stabilizing.

Tucson Home sales volume increased from May by 14.63%, the Tucson home average sale price was also up 3.06%, outstanding home contracts increased by 9.98%, and Tucson home sale units were up by 11.23%.

We are still seeing a reduction in the median sales price, which is down from May by 2.88%. A good positive sign of recovery was also a dip in active listings by 3.77%.

With the 1st 6 months of 2009 gone, we are definitely able to see a more clear image of the Tucson real estate market, and a trend that appears to be occuring.

Tucson has moved again in a positive direction, and June has shown a practical view of the assimilation of inventory, that has moved in a positive direction by 22.9% since January of the present year.

though this is a positive trend, the market in some price brackets still has a quite way to go.

The Foothills still has the highest number of active lists with 85718 at 415 and 85750 with 323.

However overall MLS statistical data do not take into consideration price brackets. Homes in the 85718 and 85750 zip codes tend to be in a higher price bracket in general.

Some home price adjustments and a reduction in inventory will often have to occur for this number to modify significantly.

On a more positive note, the two top zip codes for the number of units sold in June were 85706/56 and 85746 at 59 units.

The top 3 zip codes that had the highest quantity of homes sales to active listings were 85757 at 40.2% ( 77 Active 30 sold ) 85711 at 36% ( 133 active 48 sold ) and 85746 at 31.2% ( 189 active 59 sold ).
tucson real estate
coupled by contemporary press stories of Tucson being ordered by Business week as the top reasonable place to retire in the USA, we appear to be on the right track for the Tucson Az Home Market. tucson realtor

As Tucson property Agent, we will be able to perform a detailed research of Tucson Zip Codes for a detailed report for Buyers and Sellers in the Tucson area, or for those relocating to Tucson who are unfamiliar with the market.