Tucson residential real estate market heading for a great 2008

Home sales will pick up in the spring for Tucson reale estate

Here is a snapshot from the Tucson Multiple Listing Service report:

Home sales valoume decreades 38.3% to $158.3 million, from $256.4 million in January 2007.

The number of home units SOLD decreased 36.9 percent to 594 from 941 in January 2007.

Average sales price (all residential types) decreased 2.2% to $266,450 from $272,529 in January 2007.

Median sales price decreased by 7.6% to $203,500 from $220,365 in January 2007.

Pending contracts increased 25% to 1,079 from 863 in January 2007.

Active listings decreased 5.9% to 1,079 from 863 in January 2007.

New listings decreased 7% to 3,744 from 3,499 in January 2007.

If you would like the full report for Tucson real estate please contact Don or Kathy Vallee, CRS.

RE/MAX All Executives

Tucson, AZ

888-219-1024

www.ValleeGoldTeam.com


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