Tucson Real Estate & Golf Properties


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Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me



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Tucson Real Estate Preliminary May Sales Report

Handing KeysLets start with what I predicted for the month of May. Back in December I predicted 1,035 sales for the month of May. Unofficially there have been 1,032 sales. Which tells us that we are 99.7% there and 59 more than the April officially reported real estate sales number and 24 higher than what actually sold for April. May is showing continual signs of getting back on track. 

January
February
March
April

May
June
July
August
September
October
November
December

625 (618 actual)
706 (752 actual)
915 (923 actual)
932 (1,008 actual)
1,035
1,008
927
916
750
792
707
724

 
For April there were 973 officially reported home sales by the Tucson Association of Realtors Multiple Listing Service (TAR/MLS), which was 41 more than predicted. Checking weeks later, the actual number of sales for April were 1,008. The adjusted amount reflects that sales were better than what was officially reported in April by TAR/MLS.

As of this writing there are 1,761 homes with offers on them waiting to close the sale. Some will close as scheduled, some after, some will DFT (Deal Fell Through). Some will be part of the May statistics. In any case there are 1,761 buyers who are willing to buy a home in addition to the 4,309 who have already  purchased their Tucson home since January. This does not take into consideration Short Sales and bank owned properties that have not finalized the acceptance of an offer. I personally know of one, which would make it 1,762 buyers who recognize now is a good time to buy a home.

Will we exceed the predicted sales of 1,035 for May? We will know in a matter of days. The good thing is sales are continually increasing, which is good news for Tucson real estate. Bad news for those who wait for woulda, shoulda, coulda.

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