Always nice to have confirmation of what we've been hearing behind the scenes from both management and agents alike!
June home sales post gains
Sales up, listings fall; prices more or less hold steady
By Josh Brodesky
Arizona Daily Star
Tucson, Arizona | Published: 07.08.2009
Tucson's housing market closed out the first half of the year with solid numbers, posting monthly gains in June for home sales while active listings continued to fall, the Tucson Association of Realtors' Multiple Listing Service reported.
While sales are up and inventory is down, prices more or less held steady — another positive sign for the market.
The median sales price for a home in June was $165,000, down just less than 3 percent from May but still within the price range of the last six months. Meanwhile, the average price for a home jumped slightly from $202,747 to $208,952 from May to June, a gain of about 3 percent.
In her monthly note outlining the report, MLS President Kimberly Clifton characterized June as a record-breaking month for the year, particularly when it comes to absorbing the housing inventory.
"We still have a
Long Realty way to go but the numbers show a positive sign," she wrote of the inventory.
Year-over-year numbers show inventory is down by about 23 percent as active listings in June dropped to 6,261.
Meanwhile, year-over-year home sales were up by about 6.5 percent with 1,139 home sales.