Monthly Statistical Digest

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1 Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest JULY 28 FOR IMMEDIATE RELEASE: CONTACT: August 11, 28 Kimberly Clifton, President - (52) Wes Wiggins, Vice President, MLS (52) Rick Hodges, CEO - (52) July was a very good month for our industry in many ways! Our listing inventory has dropped below the 8, mark for active listings. We have not been below 8, listings since March of 26. New listings are also down by 19.86%.This is just another sign that we are continuing to see market improvement. July has historically been a slower month with a decrease in sales from June 27 to July 27 of 21.72%. I am happy to report that the decrease in sales for June 28 over July 28 is 9.53%. There is virtually no change in the median sales price, it appears to have stabilized currently at $199,9. July was also a very positive month with the "Housing and Economic Recovery Act of 28" Here is some information regarding this act provided by National Association of REALTORS. H.R. 3221, the "Housing and Economic Recovery Act of 28," was passed by the House on July 23, 28, by a vote of On Saturday, July 26, 28, the Senate passed the bill by a vote of The President signed the bill on July 3, 28. See the next page for more information on this new bill. Kimberly Clifton 28 MLS President The Tucson Multiple Listing Service, Inc. is a wholly owned subsidiary of the Tucson Association of REALTORS, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 6,7 professionals in the real estate industry, and is affiliated with the National Association of REALTORS. REALTOR is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics.

2 Housing and Economic Recovery Act of 28 Provisions Provided by the National Association of REALTORS Homebuyer Tax Credit - a $75 tax credit that would be would be available for any qualified purchase between April 9, 28 and June 3, 29. The credit is repayable over 15 years (making it, in effect, an interest free loan). First-time homebuyer tax credit chart Frequently asked questions about the first-time homebuyer tax credit FHA foreclosure rescue development of a refinance program for homebuyers with problematic subprime loans. Lenders would write down qualified mortgages to 85% of the current appraised value and qualified borrowers would get a new FHA 3-year fixed mortgage at 9% of appraised value. Borrowers would have to share 5% of all future appreciation with FHA. The loan limit for this program is $55,44 nationwide. Program is effective on October 1, 28. FHA Foreclosure Rescue Chart Seller-funded downpayment assistance programs codifies existing FHA proposal to prohibit the use of down payment assistance programs funded by those who have a financial interest in the sale; does not prohibit other assistance programs provided by nonprofits funded by other sources, churches, employers, or family members. This prohibition does not go into effect until October 1, 28. More about the seller-funded down payment assistance provision Tips to finding down payment assistance programs (PDF) VA loan limits temporarily increases the VA home loan guarantee loan limits to the same level as the Economic Stimulus limits through December 31, 28. Risk-based pricing puts a moratorium on FHA using risk-based pricing for one year. This provision is effective from October 1, 28 through September 3, 29. GSE Stabilization includes language proposed by the Treasury Department to authorize Treasury to make loans to and buy stock from the GSEs to make sure that Freddie Mac and Fannie Mae could not fail. Mortgage Revenue Bond Authority authorizes $1 billion in mortgage revenue bonds for refinancing subprime mortgages. National Affordable Housing Trust Fund Develops a Trust Fund funded by a percentage of profits from the GSEs. In its first years, the Trust Fund would cover costs of any defaulted loans in FHA foreclosure program. In out years, the Trust Fund would be used for the development of affordable housing. CDBG Funding Provides $4 billion in neighborhood revitalization funds for communities to purchase foreclosed homes. More about the CDBG funding provision LIHTC Modernizes the Low Income Housing Tax Credit program to make it more efficient. Loan Originator Requirements Strengthens the existing state-run nationwide mortgage originator licensing and registration system (and requires a parallel HUD system for states that fail to participate). Federal bank regulators will establish a parallel registration system for FDIC-insured banks. The purpose is to prevent fraud and require minimum licensing and education requirements. The bill exempts those who only perform real estate brokerage activities and are licensed or registered by a state, unless they are compensated by a lender, mortgage broker, or other loan originator. 2

3 JULY 28 RESIDENTIAL SALES STATISTICS July Recap By Month and by Year % of Change Home Sales Volume New Listings Annual % Change Annual % Change July $24,837,426 $316,549, % July 1,679 2, % June $266,22,28 $44,364, % June 2,95 2, % Month % Change 9.53% 21.72% Month % Change 19.86% 1.91% Average Sales Price Home Sales Units Annual % Change Annual % Change July $254,854 $267, % July 945 1, % June $257,449 $293, % June 1,34 1, % Month % Change 1.1% 8.74% Month % Change 8.61% 14.22% Pending Contracts Median Sales Price Annual % Change Annual % Change July 96 1, % July $199,9 $217, 7.88% June 951 2, % June $2, $225, 11.11% Month % Change.95% 13.44% Month % Change.5% 3.56% Active Listings Annual % Change July 7,876 8, % June 8,14 8, % Month % Change 3.24%.31% Active / Sold by Zip Code Zip Code # Active # Sold Zip Code # Active # Sold Zip Code # Active # Sold Zip Code # Active # Sold Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 3

4 JULY 28 RESIDENTIAL SALES STATISTICS Total Unit Sales July 28 Unit Sales July 28 Breakdown by Type 2, 1,8 1,6 1,4 1,2 1, CND/CNDNC % TH/THNC % MSFR % MH 5.53% , ,53 1,89 1,29 1,87 1, , ,16 1, , ,18 1,77 1,276 1,236 1,236 1, ,94 1,219 1,386 1,21 1,236 1, , , ,157 1,312 1,425 1,372 1,343 1,336 1,25 1, , ,4 1,397 1,57 1,599 1,74 1,61 1,515 1,294 1,336 1,228 1, ,75 1,357 1,566 1,519 1,739 1,89 1,619 1,87 1,474 1,414 1,274 1,269 SFR/SFRNC % ,147 1,597 1,493 1,643 1,666 1,38 1,414 1,95 1,174 1,99 1, ,339 1,318 1,418 1,378 1,182 1, ,25 1, Total Unit Sales Annual Comparison** YTD Annual Comparison Breakdown by Type 16, 2, 1,8 1,6 1,4 1,2 1, ,4 1,397 1,57 1,599 1,74 1,61 1,515 1,294 1,336 1,228 1, ,75 1,357 1,566 1,519 1,739 1,89 1,619 1,87 1,474 1,414 1,274 1, ,147 1,597 1,493 1,643 1,666 1,38 1,414 1,95 1,174 1,99 1, ,339 1,318 1,418 1,378 1,182 1, , 12, 1, 8, 6, 4, 2, SFR/SFRNC TH/THNC CND/CNDNC MSFR MH Total 25 14,179 2, ,38 24 Total 26 11,85 2, Total 27 9,918 1,182 1, YTD 28 5, ,25 1, Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 4

5 JULY 28 RESIDENTIAL SALES STATISTICS Total Sales Volume July 28 $6 $5 $4 Millions $3 $2 $1 $ 1996 $72,863,784 $65,278,263 $99,5,785 $91,822,822 $115,671,759 $112,795,242 $11,475,299 $93,816,741 $78,823,94 $78,824,294 $73,563,516 $79,528, $71,177,48 $74,583,828 $94,854,934 $98,59,86 $11,913,88 $18,237,429 $17,448,925 $96,165,858 $99,618,564 $99,938,46 $76,149,538 $92,2, $77,785,862 $77,484,986 $116,955,77 $121,36,691 $133,49,96 $148,87,34 $145,57,915 $112,44,172 $19,477,456 $12,188,19 $13,665,968 $121,751, $9,59,9 $11,897,42 $143,396,32 $148,357,63 $167,56,91 $193,911,272 $161,97,476 $153,858,716 $121,836,196 $125,752,5 $114,643,136 $121,66,715 2 $94,916,293 $99,359,338 $166,15,711 $155,49,196 $175,425,17 $181,38,914 $147,91,319 $16,991,921 $135,989,146 $123,393,685 $138,519,683 $123,753, $18,684,72 $119,8,91 $17,781,971 $176,489,281 $29,586,62 $21,379,523 $27,981,22 $194,43,151 $141,49,869 $144,113,532 $13,548,4 $135,865,78 22 $122,75,828 $147,169,783 $175,931,513 $25,393,117 $244,489,765 $24,478,78 $29,382,878 $22,27,926 $161,137,443 $193,,33 $168,887,81 $197,57,36 23 $141,776,822 $159,998,491 $198,62,58 $237,388,714 $258,327,85 $265,71,5 $246,111,947 $239,24,48 $236,18,155 $225,728,68 $171,889,22 $194,212,51 24 $171,177,241 $196,428,956 $287,466,573 $324,353,643 $328,841,312 $37,872,611 $339,127,33 $31,88,667 $272,763,274 $283,59,847 $263,16,677 $278,71,36 25 $248,23,413 $319,21,53 $372,95,161 $376,595,852 $452,983,12 $512,111,477 $425,648,74 $477,252,188 $378,847,375 $371,12,972 $339,661,47 $338,878,54 26 $266,574,836 $313,75,322 $45,64,439 $416,687,995 $44,12,128 $449,16,923 $358,784,873 $378,437,453 $282,346,576 $312,578,616 $289,627,972 $285,655, $257,916,141 $259,256,15 $362,397,582 $367,164,71 $395,81,716 $44,364,96 $316,549,145 $296,964,652 $29,911,233 $229,448,467 $216,12,92 $193,643, $158,272,6 $186,129,758 $233,27,94 $246,878,39 $257,72,764 $266,22,28 $24,837,426 Annual Comparison Monthly Volume by Type $55 $5 $45 $4 $35 TH/NC $13,745, % CND/NC $5,954, % MSFR $3,26, % MH $259,.11% Millions $3 $25 $2 $15 $1 25 $248,23,413 $319,21,53 $372,95,161 $376,595,852 $452,983,12 $512,111,477 $425,648,74 $477,252,188 $378,847,375 $371,12,972 $339,661,47 $338,878,54 SFR/NC $217,617, % 26 $266,574,836 $313,75,322 $45,64,439 $416,687,995 $44,12,128 $449,16,923 $358,784,873 $378,437,453 $282,346,576 $312,578,616 $289,627,972 $285,655,623 27** $257,916,141 $259,256,15 $362,397,582 $367,164,71 $395,81,716 $44,364,96 $316,549,145 $296,964,652 $29,911,233 $229,448,467 $216,12,92 $193,643, $158,272,6 $186,129,758 $233,27,94 $246,878,39 $257,72,764 $266,22,28 $24,837,426 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 5

6 JULY 28 RESIDENTIAL SALES STATISTICS Average Sales Price July 28 $35, $3, $25, $2, $15, $1, $5, $ 1996 $117,522 $131,345 $124,221 $119,96 $128,667 $135,246 $13,431 $126,951 $124,919 $124,367 $128,68 $13, $135,318 $13,164 $128,53 $124,67 $131,332 $132,644 $132,653 $127,541 $137,216 $135,97 $134,66 $133, $134,345 $127,442 $138,49 $138,17 $143,527 $149,769 $137,888 $135,264 $133,184 $131,686 $133,763 $14, $145,176 $141,721 $149,839 $14,89 $153,866 $16,39 $148,24 $144,64 $14,23 $143,226 $144,934 $151,319 2 $144,25 $144,628 $153,944 $156,979 $158,612 $165,645 $158,333 $156,151 $156,85 $149,75 $162,773 $161, $154,163 $15,354 $154,135 $163,871 $164,253 $162,928 $168,27 $167,324 $159,739 $152,987 $156,99 $164, $157,373 $162,619 $16,815 $168,493 $176,4 $17,257 $169,44 $179,637 $163,591 $166,667 $177,3 $181,91 23 $157,881 $167,538 $171,186 $18,937 $181,283 $193,21 $183,255 $179,72 $188,887 $185,785 $173,275 $177,21 24 $18,567 $188,874 $25,774 $26,595 $25,654 $213,145 $211,822 $25,22 $21,791 $212,269 $214,183 $216, $23,887 $235,93 $238,126 $247,924 $26,485 $27,958 $262,98 $264,113 $257,2 $262,449 $266,61 $267,44 26 $273,691 $273,54 $281,819 $279,94 $267,81 $269,518 $274,3 $267,636 $257,851 $266,251 $263,538 $259, $272,351 $259,516 $27,648 $278,577 $278,619 $293,443 $267,88 $273,953 $272,966 $259,557 $266,794 $257, $266,45 $262,155 $259,12 $253,729 $25,83 $257,449 $254,854 Average Sales Price by Type July 28 Average Sale Price per Area July 28 MSFR $112, % MH $51,8 6.78% SFR/NC $273, % $1,, $9, $8, $7, $937, CND/NC $135, % TH/NC $19, % $6, $5, $4, $3, $2, $1, $ $491,613 $393,982 $3,526 $21,39 $219,656 $19,636 $144,644 $133,862 $16,888 $221,623 $223,849 $147,914 $141,28 N NE NW XNE XNW C E S SE SW XSW XS W XW Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 6

7 JULY 28 RESIDENTIAL SALES STATISTICS Median Sale Price by Type Total Listings under Contract MSFR $15, 15.65% MH $5, 7.45% SFR/NC $21, 31.3% 3,5 3, 2,5 2, 1,5 1, 5 CND/NC $137, 2.42% TH/NC $169, 25.19% ,38 1, ,2 1, ,251 1,148 1,145 1,228 1, ,3 1,216 1, ,89 1,285 1,168 1,246 1,217 1,131 1, , ,18 1,254 1,415 1,555 1,427 1,345 1,335 1,335 1,241 1,243 1,251 1, ,319 1,41 1,71 1,719 1,712 1,684 1,62 1,515 1,316 1,414 1,233 1, ,47 1,676 2,64 2,766 2,44 1,978 1,916 1,71 1,652 1,742 1,593 1, ,259 1,881 2,188 2,285 2,391 2,257 2,28 1,961 1,877 1,766 1,528 1,236 SFR/NC TH/NC CND/NC MSFR MH 26 1,672 1,796 2,25 1,928 2,19 1,712 1, ,94 1,192 1,217 1,191 2,53 1,777 1, ,79 1,317 1,41 1,547 1, **Total Under Contract now calculating how many listings went under contract during the month rather than the total number of under contract in the MLS. (Eff. 6/8) Median Sale Price July 28 $25, $2, $15, $1, $5, $ 1996 $97,95 $1, $97, $97, $11,5 $16,563 $1, $99,9 $12, $12, $12,5 $13, 1997 $17, $11, $1,825 $13,96 $15, $16,95 $18,225 $12,25 $19,457 $112, $13, $15, 1998 $19,9 $15, $11, $19,751 $112,9 $117, $115,264 $112,5 $18, $19,539 $11, $112, 1999 $114, $19,5 $115, $115, $121, $126,5 $12, $114,925 $114,5 $112, $113,5 $118, 2 $11, $11,7 $118, $118,95 $12, $126, $122, $122, $121,5 $119,579 $124, $12,55 21 $12, $117,5 $125, $129,9 $127,5 $13, $13,95 $13,875 $125, $125, $128,75 $125, $127,875 $127, $128,275 $131, $138,45 $138,9 $138, $14, $133,9 $136,34 $14, $138, 23 $132, $137,5 $137,61 $144,7 $145, $152,45 $146,99 $148, $146,35 $15,9 $141,825 $145, 24 $148, $15, $157, $159,9 $162,487 $169,7 $167, $167,5 $169,95 $172, $177, $17, 25 $177, $186,5 $19, $196, $29, $222, $221,65 $22, $22,915 $225, $226,465 $221,9 26 $219, $225,9 $219, $22, $223, $225, $225, $221,138 $214, $211,383 $216, $215, $22,365 $219,5 $22,815 $224,921 $223, $225, $217, $22,495 $215, $21, $212, $21, 28 $23,5 $199,9 $2, $195, $21, $2, $199,9 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 7

8 JULY 28 RESIDENTIAL SALES STATISTICS Number of Sold Listings by Area Annual Comparison 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 N NE NW XNW C E S SE SW XSW XS W XW 25 1,449 1,26 4, ,776 1, ,922 1, , , ,365 1,264 1,88 1,554 1, , , , , , YTD , Average Sold per Area by # of Units Sold per Area by # of All All N $ 226,154 $ 391,488 $ 769,182 $ 628,75 $ 491,613 N NE $ 171,829 $ 412,69 $ 451,483 $ 519, $ 393,982 NE NW $ 236,724 $ 263,813 $ 389,4 $ 339,618 $ 3,526 NW XNW $ $ 138,663 $ 18,53 $ $ 144,644 XNW C $ 168,22 $ 198,776 $ 4,817 $236, $ 21,39 C E $ 1,69 $ 189,78 $ 23,153 $ 3, $ 19,636 E S $ 84,35 $ 116,73 $ 23,75 $ 267,612 $ 133,862 S SE $ 158,465 $ 22,137 $ 246,381 $ 296,725 $ 219,656 SE SW $ 13,686 $ 148,67 $ 182,566 $ 21,489 $ 16,888 SW XSW $ 155,557 $ 17,48 $ 222,25 $ $ 147,914 XSW XS $ 191,215 $ 25,855 $ 237,686 $ 297,575 $ 221,623 XS W $ 128,286 $ 211,86 $ 326,71 $ $ 223,849 W XW $ $ 169,5 $ 122,467 $ $ 141,28 XW XNE $ 937, $ $ $ $ 937, XNE 1 1 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 8

9 JULY 28 RESIDENTIAL SALES STATISTICS Active Listings July 28 12, 1, 8, 6, 4, 2, ,215 4,331 4,344 4,359 4,42 4,513 4,58 4,74 4,73 4,76 4,543 4, ,559 4,85 4,79 4,613 4,525 4,387 4,382 4,468 4,626 4,776 4,674 4, ,771 4,714 4,739 4,569 4,524 4,363 4,412 4,446 4,579 4,683 4,576 4, ,623 4,59 4,414 4,186 3,981 3,854 3,784 3,812 3,941 4,21 3,888 3, ,16 3,982 3,938 3,91 3,848 3,876 3,98 4,2 4,229 4,546 4,481 4, ,716 4,78 4,69 4,478 4,255 4,179 4,1 4,128 4,448 4,64 4,528 4, ,859 4,456 4,953 4,868 4,747 4,772 4,778 4,837 4,968 5,13 5,67 4, ,172 5,221 5,264 5,24 4,754 4,628 4,64 4,59 4,799 4,821 4,694 4, ,856 4,75 4,668 4,55 4,37 4,123 3,926 3,927 3,976 3,838 3,633 3, ,47 3,262 3,493 3,64 3,882 3,969 4,62 4,45 4,84 5,33 5,554 5, ,499 7,174 7,577 8,131 8,423 8,725 8,955 9,41 9,297 9,336 9,238 8, ,742 9,847 1,185 1,387 9,721 8,665 8,692 8,954 9,19 9,313 9,234 8,78 Area # of Listings N 73 NE 451 NW 1,987 XNE 12 XNW 124 C 984 E 445 S 513 SE 625 SW 625 XSW 39 XS 519 W 48 XW ,168 9,168 9,22 8,88 8,527 8,14 7,876 Active Listings Unit Breakdown Active Listings Price Breakdown TH/NC % CND/NC % MSFR % MH % SFR/NC 6, % 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, and over , 1, ,6 1,113 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 9

10 JULY 28 RESIDENTIAL SALES STATISTICS Average Days on Market/Listing July Area Avg. DOM N 84 NE 96 NW 87 XNE 197 XNW 84 C 74 E 73 S 68 SE 68 SW 59 XSW 95 XS 78 W 77 XW Annual Comparison Average Days on Market/Listing Average Days on Market/Listing Breakdown Days % Days % 3 Days % Days % 61 9 Days % 31 6 Days % Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 1

11 JULY 28 RESIDENTIAL SALES STATISTICS New Listings July 28 4, 3,5 3, 2,5 2, 1,5 1, ,623 1,462 1,526 1,447 1,57 1,314 1,518 1,216 1,211 1,377 1, ,553 1,287 1,54 1,342 1,258 1,245 1,317 1,275 1,49 1,334 1, ,72 1,44 1,588 1,461 1,43 1,321 1,43 1,42 1,476 1,544 1, ,772 1,487 1,76 1,456 1,41 1,476 1,388 1,429 1,414 1,33 1, ,376 1,42 1,527 1,328 1,395 1,392 1,288 1,457 1,415 1,542 1, ,844 1,512 1,71 1,59 1,521 1,585 1,62 1,67 1,574 1,777 1,352 1, ,124 1,695 1,897 1,951 1,755 1,741 1,782 1,726 1,851 1,952 1,549 1, ,261 1,882 1,977 1,877 1,746 1,811 1,889 1,798 1,799 1,91 1,528 1, ,24 1,831 2,4 1,941 1,816 1,898 1,896 1,789 1,85 1,75 1,539 1, ,947 1,574 2,15 2,12 2,21 2,293 2,132 2,351 2,44 2,474 2,313 1, ,29 2,973 3,25 2,892 3,169 3,232 2,867 3,145 2,97 2,886 2,38 1, ,499 2,376 2,71 3,85 2,96 2,82 2,766 2,337 2,497 2,399 2,224 1, ,744 2,432 2,444 2,441 2,282 2,95 1,679 Area # of Listings N 142 NE 84 NW 415 XNE 1 XNW 23 C 231 E 1 S 13 SE 156 SW 121 XSW 54 XS 18 W 98 XW 16 *Includes properties that were re listed Misc. MLS Information July 28 Month #Expired WD Release WD Temp Re-Lists January , February March April May June July August 28 September 28 October 28 November 28 December 28 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 11

12 JULY 28 RESIDENTIAL SALES STATISTICS Sale Price by Bedroom to ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 4 or More Total ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 12

13 Tucson Association of REALTORS, Real Estate Trend Indicator Tucson, AZ From: 7/1/28 to 7/31/28 Statistics generated on: 8/8/8 Residential Listing Statistics Active Listings Days on Market Total Active Total Contingent Total Capa Total Pending Total Inventory Total Sold Area # Per Area of Units Sold Under $29,999 N Days 28 $3, to $39, NE Days 214 $4, to $49, NW 1, Days 137 $5, to $59, XNE Days 11 $6, to $69, XNW Days 141 $7, to $79, C 984 Over 18 Days 72 $8, to $89, E 445 Avg. Days on Market $9, to $99, S $1, to $119, SE 625 Avg. Sold Price $12, to $139, SW 625 $254,854 $14, to $159, XSW 39 Avg. Median Price $16, to $179, XS 519 $199,9 $18, to $199, W 48 $2, to $249,999 1, XW 72 $25, to $299, Sold Units per $3, to $349, N 75 $35, to $399, NE 41 $4, to $449, NW 241 $45, to $499, XNE 1 $5, to $749, XNW 7 $75, to $999, C 157 $1,, to $1,249, E 76 $1,25, to $1,499, S 65 $1,5, to $1,999, SE 95 $2,, to $2,999, SW 62 $3,, and over XSW 14 XS 59 Totals 7, , W 47 XW 5 Jul. 28 Jul. 27 % Change YTD 28 YTD 27 % Change Home Sales Volume $24,837,426 $316,549, % $1,639,81,767 $2,369,92, % Home Sales Units 945 1, % 6,396 8, % Average Sales Price (All Residential) $254,854 $267, % $256,381 $275, % Median Sales Price $199,9 $217, 7.88% $2, $221, 9.5% Average Days on Market: % % Average List Price for Solds: $268,131 $277, % $ 269,59 $ 286, % SP/LP % 95.5% 96.39% 95.1% 96.19% Pending Contracts 96 1, % Active Listings 7,876 8, % New Listings 1,679 2, % Please note: Please note that the data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Tucson Association of Realtors Multiple Listing Service. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of Realtors nor the MLS guarantees nor is in any way responsible for its accuracy. Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc