Home Sales Volume: Increased 4.12%

• 4/08 $246,878,039
• 5/08 $257,072,764

Home Sales Units: Increased: 5.34%

• 4/08 973
• 5/08 1,025

Average Sales Price: Decreased 1.15%

• 4/08 $253,729
• 5/08 $250,803

Median Sales Price: Increased 3.7%

• 4/08 $195,000
• 5/08 $201,000

Pending Contracts: Decreased 4.0%

• 4/08 1,547
• 5/08 1,485

Active Listings: Decreased 3.9%

• 4/08 8,808
• 5/08 8,527

New Listings: Decreased 6.15%

• 4/08 2,441
• 5/08 2,282

Here’s what Tucson’s MLS President, Kim Clifton, had to say about May’s performance for Tucson real estate:

For the third month in a row, we have seen an increase in unit sales and we surpassed 1000 units in May. With May behind us, our local numbers continue to support the direction of a recovering market.

Thanks to the restructuring of the government loans many of today’s buyers and sellers are reaping the benefits. While the average days on market are steady at 77 days the ratio between the list price and sales price averages at 95.34%. We hope to see the recovery process continue.

This entry was posted on Thursday, June 26th, 2008 at 3:12 am and is filed under For Home Buyers, For Home Sellers, Tucson Real Estate News. 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.