Tucson homes sales are down significantly this month, and the story made national headlines in USA Today. The article, "Housing likely to continue to flail" reported that existing home sales nationwide fell to the lowest point in five years during August. The National Association of Realtors reported that sales for September are expected to fall even lower due in large part to the "mortgage meltdown".
A study done by Re/Max International analyzed home sales in five major cities, with Tucson being one of them. The results found that Tucson home sales for the first three weeks of September are down about 44%.
Investigating on my own, I researched home sales from Sept. 1 through Sept. 29 for 2007 and 2006. When comparing current numbers to those of last September I found that Single Family homes sales in NW Tucson are down 21%. Central Tucson shows a decrease of 59% from homes sales during the same period last year. Only North Tucson saw an increase, 16%, in home sales over this period last year. With only a few days left in September, we should see a large number of homes sales posting. The Tucson Association of Realtors will soon be releasing local sales statistic for September, and I'll be posting results once I get them.
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Tucson homes sales are down significantly this month, and the story made national headlines in USA Today.
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Julie
Entertainment at one stop
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