The Tucson Association of Realtors has released it's Residential Sales Statistics for February 2008. Many home buyers and sellers in Tucson, Arizona find this information really useful in understanding the local real estate market.
Here's a Sales Snapshot for February 2008:
Home Sales Volume - Decreased 28.20% from $259,256,105 in February 2007 to $186,129,758 in February 2008.
Homes Sales Units - Decreased 28.92% from 999 in February 2007 to 710 in February 2008.
Average Sales Price - Increased 1.01% from $259,516 in February 2007 to $262,155 in February 2008.
Median Sales Price - Decreased by 8.92% from $219,500 in February 2007 to $199,900 in February 2008.
Pending Contracts (not yet closed in escrow) - Increased 20.38% from 1094 in February 2007 to 1317 in February 2008.
Active Listings - Decreased 6.89% from 9847 in February 2007 to 9168 in February 2008.
New Listings - Increased 2.35% from 2376 in February 2007 to 2432 in February 2008.
Want more information about the Tucson housing market? Go to the following link
http://www.tucsonrealtors.org/documents/stats/MLS_feb.pdf(All information obtained from Tucson Ass of Realtors Multiple Listing Service)
# posted by
Anna-Lise Troup @ 11:05 AM
