Tucson Real Estate Market for October 2007 Residential Housing

The Vallee Team Residential Market report for Tucson, Arizona

The housing market is a local market…Tucson is holding it’s own when reviewing the resiential MLS October 2007 statistics.

For the past 5 months opened escrows on 2007 have exceeded October 2006, this is a great indicator that sellers are more realistic and buyers are making offers!

October 2007 we had 790 units close which is an increqase of 107 units over September 2007.

The average sales price in Tucson, Arizona is $274,480.

Home Sales Volume: Decreased 29.10% from $292,207,700 in Ocotber 2006 to $207,178,347 in October 2007.

Home Sales Units: Decreased 27.85 % from 1,095 in Ocotber 2006 to 790 in October 2007.

Average Sales Price for all residential types: Decreased 1.72% from $266,854 in October 2006 to $262,251 in October 2007.

Active Listings: Decreased .25% from 9,336 in October 2006 to 9,313 on October 2007.

New Listings: Decreased 16.8% from 2,886 in Ocotober 2006 to 2,399 in October 2007.

Don & Kathy Vallee, CRS

RE/MAX All Executives

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