Tucson Real Estate Agent - Brenda O'Brien
8540 N. Oracle Rd.
Oro Valley, AZ 85704
Office: 520-918-5968
Toll-Free: 888-825-8251 ext. 5968
Fax: 520-989-6114
email: Brenda@BrendaOBrienTeam.com

Brenda's 2007 Year End
Tucson Housing Market Report
2007 Tucson Home Sales Statistics

"2007 was a Challenging Year as the Market Continued to Adjust"

Challenging though it was, we had a great year Selling 101 Homes and I want to thank all our loyal clients for their trust and faith in us.

The Tucson MLS has released their Year End Report for 2007

Key year end statistics show that 2007 was an "adjustment year" with prices fractionally increasing over 2006. According to the 2007 Year End Report the Average Price increased from $275,597 in 2006 to $272,601 in 2007. The median price of $220,000 remained unchanged.

Tucson Home Sales Volume: The Volume (total dollars) of sales did decrease from $4.266 Billion in 2006 to $3.499 Billion in 2007. Even so, with sales of almost $3.5 Billion, 2007 ranked as the 3nd best year for real estate sales in Tucson's history.

Tucson Home Sales Units: Total units sold for 2007 were 12,840, which was 2,869 fewer than in 2006 marking 2007 as the 6th best year ever for number of homes sold.

Tucson Average Sale Price (all residential types): Increased by $1,004 over 2006. Average Sales prices of residential units at the end of 2007 are the highest they have ever been.

Tucson Average Days on Market: Increased from 49 days in 2006 to 67 days in 2007. This is due entirely to much larger inventories of homes on the market. This number will begin dropping again as inventory slowly declines as we work through the current excess inventory.

Tucson Active Listings: Increased 2.21% from 8,518 in December 2006 to 8,708 in December 2007.

As a Top Tucson Realtor Brenda O'Brien draws some quick conclusions from these Tucson home sales statistics:

Prices were Fractionally Higher! Compared to the rest of the country the Tucson Housing Market is doing Fine!. To remain basically flat when other parts of the country are in decline speaks well for this market. This is also an indication that we will probably recover much faster than other areas that had those large declines in value.

We still have an excess of inventory at the end of 2007, However, we only experienced an increase in inventory of 190 Units in 2007! If we compare that to the prior year where 2006 had a gain of 3,061 Units it is clear that the rate of increase in inventory has virtually stopped. Overall inventory should trend lower during 2008.

The 2007 Year End Tucson Market Report below will give you a detailed look inside the 2007 Tucson Housing Market.

2007 (Year in Review) Tucson Multiple Listing Service Report
2006 Tucson Housing Report

Questions about current Tucson Market Conditions?
Email Brenda or call her Today at 520-918-5968
Return to Tucson Real Estate Home Page

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 MLS - Invest Your IRA - Tucson Weather - Site Map - Tucson Map - Email This Page
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
Tucson Utilities - Tucson Subdivisions - Tucson Resources
Long Realty #1 Tucson Realtor 2005 - Link to Me
Tucson Real Estate Home Page
Tucson Homes For Sale
Tucson Arizona


tucson mls logo
Copyright ©1999-2014 All Rights Reserved

Copywrite Protected