Tucson Real Estate Agent - Brenda O'Brien
10445 N. Oracle, Suite 121
Tucson, AZ 85737
Office: 520-918-5968
Toll-Free: 888-825-8251 ext. 5968
Fax: 520-989-6114
email: Brenda@BrendaOBrienTeam.com

Brenda's Tucson Housing Market Report
August 2007 Tucson Home Sales

"Stuck in the Summer Doldrums."

NEWS FLASH 8/31/07 - CLICK HERE

Things have settled down after last months lending industry shakeup. There are lots of great lenders here in Tucson still making loans every day.

Our own Long Realty Mortgage never missed a beat during all the turmoil. All their loans funded and they just kept rolling along. Sometimes it really helps to be the biggest bear in the woods.

The inventory of homes for sale in Tucson continues to decline slowly, dropping 4.75% from 9401 listings in August of last year. There was a bump up in inventory of 262 units over last month. Current Tucson housing inventory now stands at 8,954.

Mixed signals this month. Inventory down from last year but up from last month, New listings are still dropping, Pending sales up from last year, down from last month, But the best news is that average sales prices are up from both last year and last month

Key current month statistics from the Tucson Association of Realtorís August 2007 Report show:

Tucson Home Sales Units: Decreased 24.69% from 1,381 in August of 2006 to 1,019 in August 2007. (Down 79 units from July)

Tucson Average Sale Price (all residential types): Increased 2.06% from $268,408 in August 2006 to $273,932 in August 2007.

Tucson Median Sale Price (all residential types): Decreased .41% from $220,900 in August 2006 to $220,000 in August 2007.

Tucson Active Listings: Decreased 4.75% from 9,401 in August 2006 to 8,954 in August 2007. (Up 262 units from July)

Tucson New Listings: Decreased 25.69% from the 3,145 listings added in August 2006 to the 2,337 listings added in August 2007. (Down 429 units from July)

Some quick conclusions we draw from these Tucson home sales statistics are:

Positive Market Indicators this month. Declining new listings, Average sales prices are up, & a year over year increase in pending sales are positive signs.

Negative Market Indicators this month. Decrease in units sold, Median prices fractionally lower, lackluster market.

Still a Buyers Market. We seem to be stuck in the summer doldrums right now, just wallowing along testing the bottom. The market is trying to turn up but is struggling at this point.

Still some Bargains out there. If you're a buyer, this is a great time to buy a home in Tucson. (Possibly the best buying opportunity we will see for the next generation)

The Tucson Market Reports below will give you a detailed look inside the current Tucson Housing Market.

August 2007 Tucson Multiple Listing Service Report

Brenda's 2006 Year End Tucson Housing Report

2006 (Year in Review) Tucson Multiple Listing Service Report

Questions about current Tucson Market Conditions?
Email Brenda or call her Today at 520-918-5968

Tucson Home Finder, Virtual Search for Tucson Homes Tool
Tucson
Home
Finder
Tucson Community Information, Links to dining, shopping, entertainment and more
Tucson
Community
Info
Tucson Relocation Package, Free Tucson information, Available upon request
Tucson
Relocation
Package
Top Tucson Realtor Brenda OBrien
All
About
Brenda
Tucson Home Buyers Center, Information important to Tucson Home Buyers
Tucson
Home
Buyers
Tucson School Info, Schools, District Maps, Tucson School Report Cards
Tucson
Schools
Info
Tucson Golf, Tucson Golf Courses
Tucson
Golf
Courses
Tucson Home Sellers Info, Current Market Conditions, How to Price your Home, etc
Tucson
Home
Sellers
Tucson Housing Report
Tucson
Housing
Report
Brenda's Tucson Home Listings
Brenda's
Tucson
Listings
Tucson Condos and Townhomes
Tucson
Condos &
Town Homes
Tucson Helpful Links, Utilities, Maps, Relocation, Home Improvement, News Media, etc
Helpful
Tucson
Links
Tucson News
Monthly
Tucson
Newsletter
What People Say About Brenda, Client Testimonials about Tucson Realtor Brenda O'Brien
What
People
Say
Tucson Home Values, What's my Tucson Home worth today?
What's My
Value
Today
Tucson Home Mortgages and Tucson interest rates
Tucson
Home
Mortgages
Tucson New Home Information
Tucson
New
Homes
Oro Valley Homes
Oro
Valley
Homes
Tucson Homes by School District
Homes By
School
District
Catalina Foothills Homes
Catalina
Foothills
Homes
Rancho Vistoso Homes
Rancho
Vistoso
Homes
Tucson Homes - Age Restricted
Tucson
Retirement
Homes
Tucson Luxury Homes
Tucson
Luxury
Homes
Tucson Golf Homes
Tucson
Golf
Homes
Tucson Gated Homes
Tucson
Gated
Homes
Tucson Homes - Northwest
Northwest
Tucson
Homes
Tucson Homes - Other Areas, Other Styles, Homes with acreage, Homes with Guest Quarters, Etc
Other
Tucson
Homes

eMail Brenda
Tucson Multiple Listing Service - Self Directed IRA - Tucson Area Weather - Tucson Map - Tucson Utilities
Tucson Subdivisions - Catalina Foothills Subdivisions - Oro Valley Subdivisions - Marana Subdivisions
SaddleBrooke - Sun City Vistoso - Heritage Highlands - Vistoso Village - Quail Creek
Dove Mountain - Continental Ranch - District 16 Homes - Sam Hughes District
Tucson Horse Property - Rancho Sahuarita - Rita Ranch - Vail - Marana
Email This Page - Tucson Resources - Link to Me
Tucson Homes For Sale - Tucson Arizona
Site Map

tucson mls logo
Copyright ©1999-2015 All Rights Reserved

Copywrite Protected