Belated February 2008 Tucson Real Estate Market Stats
I’m late with the market report for February, and I apologize. I am frustrated with the manner in which I must generate these numbers. It’s incredibly cumbersome. There’s just got to be a better way.
But on with the show, eh?
For the Tucson Area, as calculated today:
- Average Single Family Home Sales Price: $292,441
- Median Single Family Home Sales Price: $219,000
- Single Family Homes Sold: 519
- Single Family Homes for sale: 7241
- Single Family Homes Months of Inventory: 13.95
- Average Town Home Sales Price: $198,340
- Median Town Home Sales Price: $170,625
- Town Homes Sold: 48
- Town Homes for sale: 831
- Town Home Months of Inventory: 17.3
- Average Condo Sales Price: $129,462
- Median Condo Sales Price: $126,700
- Condos Sold: 30
- Condos for sale: 585
- Condo Months of Inventory: 19.5
Which means Citywide:
- Average Sales Price: $276,685
- Median Sales Price: $205,000
- Units Sold: 597
- Active Units: 8657 units
- Months of Inventory: 14.5 months
I’ve pulled city stats as well as the individual area metrics and updated all of those files, which you can - and should - check out by clicking on “Tucson Market Stats” at the top of the page here, and then you can click on the individual areas to see how your side of town is faring.
I also split the average and median sales prices for the individual areas, as it was getting too crowded having 2006, 2007, and 2008 average and median lines all on a single chart.
Stats include only the 9 major areas of Tucson, for single family, town home, and condos only.
