tina's Blog: Tucson Real Estate Market Watch

May 2007 Real Estate Sales Statistics are in from Tucson MLS!

Average Sales Price (all residential types) Increased 4.22% from $269,217 in May 2006 to $280,589 in May 2007. After falling from January to February 2007, average sales price has continued to climb, reaching $280,589 in May 2007. For the second month in a row, average sales price has increased in year-over-year comparisons. The average sales price in May 2006 was $269,217 - more than $11,000 less than the average sales price in May 2007.

Median Sales Price Increased 1.02% from $221,250 in May 2006 to $223,500 in May 2007.

And fewer new listings are coming on the market:  new Listings Decreased 6.60% from 3,169 in May 2006 to 2,960 in May 2007.

In good news for area sellers, the average time…

According to Tucson MLS Residential Sales Statistics for April 2007, home prices in the Tucson Market seem to have stabilized with only a $60. decrease in average home prices as compared with March 2007 statistics. Over last year's figures, that's only a 0.23% decrease from $277,076 in April 2006 to $276,426 in April 2007.

Medium sales price increased 1.01% from $219,250. for April 2006 to $221,472. for April 2007. April 2007 sales volume reached $353,825,236. So buyers are starting to become active again. Time on the market is hovering at around 60-65 days, as it has been since the begnning of the year.

Tucson MLS Residential Sales Stats are up to date and always available on Moving to Marana's  home page. Just click on Tucson Monthly Sales… Read Full Post