Regardless of what is being reported by the media for other regions nationally, the average sales price in Tucson continues to rise, reaching $280,589 in May 2007. The median sales price for May '07 was $223,500, compared to the $221,500 of May '06.
In addition our May '07 active listing inventory of 9,721 has reversed the upward trend, and actually decreased from prior months.
Total May '07 closed sales units rose to 1,313, and increase over the prior month, although it is sill 13.96% below the 1,526 reported for May '06.
Days on market for May 2007 was 61 days, the shortest time we've seen this year.
For more information on Tucson Real Estate visit my website at http://www.tucsonhouses4you.com/
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