Tucson Real Estate October 2007 Mid Month Home Sales Report

Looking at the Tucson real estate sales from the first of October to the 20th gives a healthier picture than September’s mid month report. Positive news for the market. Closed real estate sales rose from the 385 in this time frame in September to 403 for October. A step in the right direction. As of this writing there have been 481 recorded sales. As of this writing there are 1,320 homes under contract. September saw 1,335 homes under contract  in the same time frame.

TARMLS reported a total of 683 residential real estate sales for September. Checking today, that number rose 740  recorded sales in the MLS. So much for getting paperwork submitted in a timely manner. Delayed entries do nothing but hurt facts and statistics.

On the down side for sellers and up side for buyers, the number of homes on the market at this time without a contract rose from 9,138 in September to 9,361 in October. Buyers, you have 223 more homes to choose from since last month. Good bargaining chip for buyers.

October 2007 Tucson real estate sales don’t look significantly better than September’s, however, Tucson’s real estate sales don’t look worse either. It is definitely more encouraging than last month. We are holding steady and may be moving forward.

This entry was posted on Friday, October 26th, 2007 at 6:50 am and is filed under Tucson Real Estate. 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.

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