Tucson real estate : As of November 2011 active inventory was 5,314, a 29% decrease from November 2010. There were 1001 closings in November 2011, 25% above November 2010. Months of Inventory was 5.3, down from 9.3 in November 2010. Median price of sold homes was $122,500 for the month of November 2011, down 12% from November 2010. The Tucson Market had 1,300 new properties under contract in November 2011, up 37% from November 2010.
Here is a link to the entire City of Tucson housing report November 2011.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana real estate. Contact Lisa for all your Tucson real estate needs.
I’d love to hear more about where you think this market is heading, and what we are up against to fully recover.
My analysis of the Tucson Housing Market is here.