Tucson Real Estate Market Report: June 2008 Preview

The market report for June 2008 has come out by the Tucson Association of Realtors, and it surely was a solid month (1,000+ sales). One thing we have to understand and accept with this report is that #1, sellers who are selling now are most likely in a situation where they are motivated. The state of the economy right now is giving the signs that homes should not be sold now if they don’t have to be. The media and the mind state of a prospective buyer will not work in your favor!
Take a look at the numbers as a preview and early next week, I’ll prepare a more thorough overview.
A market graph.Homes Sold
1,034 - June 2008
1,025 - May 2008
1,378 - June 2007
Median Price
$200,000 - June 2008
$201,000 - May 2008
$225,000 - June 2007
Active Listings
8,140 - June 2008
8,527 - May 2008
8,665 - June 2007
Pending Contracts
951 - June 2008
1,485 - May 2008
2,053 - June 2007

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