Tucson Market Statistics: June 2008

As I stated last month, I truly think the Tucson real estate market is hitting bottom — or may already have. Time will tell, but these numbers shown are not good if you are a seller. If you’re a buyer, they mean you have saved more money than you would have last year. I think the trend to watch in order to know if the market is gaining strength rather than becoming weaker is the number of active and new listings. In my opinion, as long as active listings continue to come down — which has been the case for the past several months — eventually we will get to a balanced market…

This article, including charts, links to previous reports, and a link to this month’s full MLS report, is continued on Michael’s website. Please click here to continue.

This entry was posted on Sunday, July 13th, 2008 at 10:32 pm and is filed under Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.