- Tucson's average sales price for March was $259,120, a 1.15% decrease from February 2008's average sales price of $262,155. It's also a 4.2% decrease from March 2007's average of $270,648.
Tucson average sales price for March
- Tucson's median sales price for March '08 was $200,000 a .5% increase from February's median price of $199,900 and a 9.42% decrease from March 2007's median price of $220,815.
- There were 1,410 Pending contracts in March 2008, an increase of 30.67% over the number of Pending's in February (1,079). It's also a 18.28% increase over the number of Pending contracts in February 2007 (1,192).
- The average days on market dropped to 75 in March 2008, a 7.4% decrease from February '08 (81) and a 17% increase over March 2007 (64).
Tucson average days on market for March
- Tucson had 9,022 Active listings in March, a 1.59% decrease from February 2008, and a 11.41% decrease from March 2007 (10,185).
- Tucson saw 2,444 New listings in March 2008, a .49% decrease from February 2008, and a 9.81% decrease from March 2007 (2,710).
- The number of units sold in March 2008 (900) increased by 26.76% over February's number of 710. It's a 32.78% decrease from March 2007 (1,339).
All in all the Tucson real estate market got a little pick me up in March. The increase in pending contracts and home sales units tells us that more homes were seeing activity during the month. The average days on market went down, but I don't put too much faith into that number since it can be easily manipulated. If we continue to see fewer new listings and more unit sales we'll eventually begin to work through our excessive inventory and balance out this crazy market.
1 comment:
Hi there,
Another good post from your side, many thanks for such an informative and interesting article. Statistics are great, you have covered each and every thing in your blog
Thanks !!
Private Home Sales
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