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
June 2007 Tucson Home Sales

"Stay Tuned, we may have just passed the turn around point!"

This month's headline comment "Stay Tuned, we may have just passed the turn around point!" was actually our closing comment in Last Months report and it is looking like that prediction might turn out to be right on the money.

The big news Again This Month is that the inventory of homes for sale in Tucson is still dropping! For the first time this year, inventory has dropped below the same period last year!

The Current inventory is down to 8,665 homes which is 1,056 LESS than last months number of 9,721. This is a significant reduction in inventory.

Lots of Positive Signs this month. Inventory is dropping, New listings coming on the market are dropping, Pending sales are up, and The Average Sales Price is up to All Time Record Levels!

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

Tucson Home Sales Units: Decreased 19.55% from 1,524 in June of 2006 to 1,226 in June 2007. (Down 87 units from May)

Tucson Average Sale Price (all residential types): Increased 9.05% from $273,701 in June 2006 to $298,477 in June 2007. (Up $17,888 from May)

Tucson Average Days on Market: Increased 39.13% from 46 days in June 2006 to 64 days in June 2007. (Up 3 from May)

Tucson Active Listings: Decreased 0.69% from 8,725 in June 2006 to 8,665 in June 2007. (Down 1,056 units form May)

Tucson New Listings: Decreased 12.75% from the 3,232 listings added in June 2006 to the 2,820 listings added in June 2007. (Down 140 units from May) This is the 3rd month in a row where new listings have decreased by more than 6%!

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

Positive Market Indicators this month. Declining Inventories, a reduction in new listings and increasing average prices all point to a possible reversal of market conditions. We will be watching all these key indicators closely, if these trends continue we are probably past the worst of it and may very well see an upturn in the Tucson Housing Market, starting right now!

Still a Buyers Market (but starting to change). We are technically still in a buyers market with lots of inventory, but that appears to be starting to change. If inventory continues to drop, expect to see sellers becoming more firm on their pricing and more willing to wait for a good offer.

Prices are starting to climb back up (Average Price Up 9.05%, Median Price up 1.78%) This month saw a significant average price increase of 9% over last year at this time. The Average Tucson Home Sales Price is up $24,776 from June of 2006.

Still some Bargains, but not as many Looks like we are starting to burn through some of the inventory. It will be interesting to see if this trend continues. If you are considering a buying a home in Tucson; The next few months will probably be the best time to buy for quite some time.

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

June 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