Tucson Real Estate Market Report for January 2008

Tucson Real Estate market in Southern Arizona January news has just been released by the Tucson Association of Realtors, and it marks an interesting year ahead in 2008!

Although statistics show that both home sales volume and unit sales numbers were below January of 2007, the Average Sales Price for a home in Tucson only decreased 2.17% from $272,351 in January '07 to $266,450 in January '08, and pending contracts increased to 1,079 in January '08, an increase of 25.03% over the January '07 count of 863.

We are seeing a pick up in the market when comparing this time last year. We are also seeing a reduction in Active Listings, from 9,742 this time in 2007 to 9,168 in 2008.

The Tucson real estate market is generally slower at the beginning of January and then picks up at the end of January and into February, as many Events draw people to Tucson including the Gem Show, The Tucson Rodeo, and The Acccenture Golf Tournament.

Tucson real estate can look forward to continuing growth as it still has affordable housing, great weather, combined with national low interest rates.

Anne

Tucson Real Estate Experts Anne and Eddie McKechnie published this article on Tucson Homes for Sale Guide