August numbers are complete in the Tucson MLS, and as is typical, August had less closed transactions than July which was our busiest month year-to-date.
We were down by -17.23% over July; however there are still many positive signs with a 6.18% increase in number of closed transactions over August 2008 and over 62% over than January 2009 numbers.
Pending contracts are up 3.83% over July’s and up 45.1% for the same period of August 2008.
The
average sales price for August 2009 was $199,626, down -5.29% over last month’s numbers and
average median price was $162,595, down -3.12% over July’s numbers which is obviously allowing more buyers into our marketplace.
Click on the title of this article to see the entire report published by the Tucson Association of Realtors.We continue to see a
decrease in inventory with only 6,062 active listings for the end of August 2009, a small decrease of -.21% over July but a decrease none the less and a decrease of -21.91% over last year.
# posted by
Anna-Lise Troup @ 12:12 PM