Tucson Housing Report for September 2009
As of August 2009 active inventory was 6,095, a 25% decrease from August 2008. There were 957 closings in August 2009, a 6% increase from August 2008. Months of Inventory was 6.4, down from 9.0 in August 2008. Median price of sold homes was $162,500 for the month of August 2009, down 12% from August 2008. Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 52% from August 2008.
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James Servoss is an Associate Broker with Long Realty, Southern Arizona's leading real estate company. He specializes in selling luxury condos, townhomes and vacation properties in Southern Arizona
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