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Thursday, June 21, 2012

May Monthly Tucson MLS Sales Statistics Show Continued Market Stability and Improvement

The May Tucson homes sales statistics are out and continue to show signs of price stability.  The average sale price was down a slight 1% from April, but the median sales price was up almost 4.5% from April.   And both average and median sale prices for May were up over the same month one year ago.  The number of homes actually sold (1318) was up over 3% from April and just over 5.5% from May of last year.

The number of homes actively listed for sale on the market was down dramatically once again...down almost 6% from April . That is the seventh monthly drop in a row and takes the number of available homes (3544) to the lowest level since April of 2005.  So why the dramatic drop?  Homes are selling at a brisker pace with lots of first time buyers, investors and retirees (and those planning for retirement) coming into the home-buying market.

 Click here for May Tucson MLS Sales Statistics

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