Currently, the Tucson market is flooded with residential properties with more new listings entering daily. The big boom has passed and prices are leveling off.
According to the Tucson MLS, our October statistics show:
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Active Listings
Increased 75.16% from 5,330 in October 2005 to
9,336 in October 2006.
-
New Listings
Increased 16.65% from 2,474 in October 2005 to
2,886 in October 2006.
-
Home Sales Volume
Decreased 17.75% from $355,266,466 in October 2005
to $292,204,727 in October 2006.
-
Home Sales Units
Decreased 19.96% from 1,368 in October 2005 to
1,095 in October 2006.
-
Average Sales Price (all residential types)
Increased 2.76% from $259,698 in October 2005 to
$266,854 in October 2006.
-
Median Sales Price
Decreased 5.58% from $224,000 in October 2005 to
$211,500 in September 2006.
-
Average Days on Market
Increased 83.87% from 31 days in October 2005 to
57 days in October 2006.
Whether you are an experienced homebuyer or just starting out with your first real estate purchase, don’t take a chance alone in the real estate world. Be sure you get the right deal and that home you really want, trust the Kai Associates with your purchase negotiation.
Combined, Kai Associates has many years of expertise in guiding the homebuyer through the real estate market maze. Purchasing a home may be the single most important decision you make for years and years to come.
Put yourself at ease with Kai Associates.
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