Tucson, AZ Market Trends 2008 To July 2009
MARKET TRENDS
HOUSING – 2008 YEAR IN REVIEW
MONTH IN REVIEW
As of July 2009 there were 6,208 homes on the market, down 26% from July 2008. There were 1,160 closings in July 2009, up 24% from July 2008. Months of inventory was 5.4, down from 9.0 in July 2008. Median home price was $169,000 for the month of July 2009, down 16% from July 2008. Tucson is experiencing an increase in buyer activity, with new properties under contract up 33% from July 2008.
The average sale price of a single family residence in 2008 was $262,427. The average sale price of a townhome in 2008 was $186,346. The average sale price of a condominium in 2008 was $136,502.
The average sale price of all residential properties (SFR, TH, Condo) in 2008 was $242,066, down from $272,273 in 2007 and $270,080 in 2006.
AREA SINGLE FAMILY TOWNHOME
North $615,261 $294,620
Northeast $409,484 $194,988
Northwest/Oro Valley/Marana $280,381 $214,821
Central $214,810 $174,985
East $217,827 $148,346
South $137,267 $ 77,369
Southeast/Vail $219,163 $ 99,525
Southwest $159,395 $129,300
XSW/Green Valley/Sahuarita $229,806 $151,016
West $249,344 $139,055
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