The Tucson Association of Realtors just released the Residential Sales Statistics for June.
The market continues to slowly stabilize. Changes from May 2008 to June 2008 were as follows: Average sale price up 2.65%, median sale price down 0.5%. Housing units sold up 0.88% and active listings down 4.54%. With 8,140 properties on the market, and 1,034 sales in June, we have a 7.9 month supply of listings. A six month supply is considered a balanced market. We're heading in the right direction.
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