Tucson Real Estate Blogs » June 2008 Tucson Residential Sales Report

Tucson Real Estate & Golf Properties

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

June 2008 Tucson Residential Sales Report

Tucson home sales volume increased by 3.55% over that of May. Continual good news for home sellers and the local real estate market. The numbers of available homes decreased again, this time by 4.57%. Increasing demand and slowly decreasing supply!

By the numbers:

Home Sales Volume: Increased 3.55%

5/08 $257,072,764
6/08 $266,202,280

Average Sales Price: Increased 2.65%

5/08 $250,803
6/08 $257,449

Pending Contracts: Decreased 35.96%

5/08 1,485
6/08 951

Active Listings: Decreased 4.54%

5/08 8,527
6/08 8,140

New Listings: Decreased 8.19%

5/08 2,282
6/08 2,095

Home Sales Units: Increased: 0.88%

5/08 1,025 (1,069 actual)
6/08 1,034 (1,056 actual)

Median Sales Price: Decreased 0.50%

5/08 $201,000
6/08 $200,000

So how does this compare with predictions, let us see.

2008                                Predicted  Sales             Actual Sales
January                                 625                                618
February                               706                                752
March                                    915                                923
April                                       932                             1,008
May                                     1,035                             1,069
June                                    1,008                             1,056
July                                        927
August                                   916
September                            750
October                                 792
November                             707
December                             724

For July, there have been 556 recorded sales with 7 more days left in the month. I have one more to add to that number as soon as we get to the Title Company for my buyers to sign. The last week of the month is always the busiest, so I anticipate beating my prediction for the sixth month in a row.

This entry was posted on Thursday, July 24th, 2008 at 10:37 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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