Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest JULY 28 FOR IMMEDIATE RELEASE: CONTACT: August 11, 28 Kimberly Clifton, President - (52) 954-8 Wes Wiggins, Vice President, MLS (52) 382-8792 Rick Hodges, CEO - (52) 327-4218 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 272-152. On Saturday, July 26, 28, the Senate passed the bill by a vote of 72-13. 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.
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
JULY 28 RESIDENTIAL SALES STATISTICS July Recap By Month and by Year % of Change Home Sales Volume New Listings 28 27 Annual % Change 28 27 Annual % Change July $24,837,426 $316,549,145 23.92% July 1,679 2,766 39.3% June $266,22,28 $44,364,96 34.17% June 2,95 2,82 25.71% Month % Change 9.53% 21.72% Month % Change 19.86% 1.91% Average Sales Price Home Sales Units 28 27 Annual % Change 28 27 Annual % Change July $254,854 $267,88 4.84% July 945 1,182 2.5% June $257,449 $293,443 12.27% June 1,34 1,378 24.96% Month % Change 1.1% 8.74% Month % Change 8.61% 14.22% Pending Contracts Median Sales Price 28 27 Annual % Change 28 27 Annual % Change July 96 1,777 45.98% July $199,9 $217, 7.88% June 951 2,53 53.68% June $2, $225, 11.11% Month % Change.95% 13.44% Month % Change.5% 3.56% Active Listings 28 27 Annual % Change July 7,876 8,692 9.39% June 8,14 8,665 6.6% 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 8561 1 8575 185 16 85718 417 35 85743 336 39 85614 35 15 8576 422 5 85719 218 47 85745 32 35 85619 11 1 8571 288 51 8573 212 38 85746 292 33 85629 221 37 85711 19 26 85735 1 4 85747 28 37 85641 358 42 85712 22 32 85736 66 2 85748 136 23 85653 263 3 85713 311 21 85737 287 25 85749 229 2 85658 142 11 85714 64 8 85739 224 25 8575 314 36 8571 44 3 85715 164 15 85741 179 37 85755 285 31 8574 229 23 85716 171 37 85742 28 4 85757 13 2 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 3
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, 8 6 4 2 CND/CNDNC 44 4.66% TH/THNC 72 7.62% MSFR 29 3.7% MH 5.53% 1996 62 497 81 771 899 834 778 739 631 633 572 68 1997 526 573 738 794 776 816 81 754 726 735 568 689 1998 579 68 845 876 927 994 1,52 831 822 776 775 865 1999 624 719 957 1,53 1,89 1,29 1,87 1,64 869 878 791 84 2 658 687 1,79 99 1,16 1,95 929 1,31 867 824 851 767 21 75 792 1,18 1,77 1,276 1,236 1,236 1,162 883 769 832 827 22 78 95 1,94 1,219 1,386 1,21 1,236 1,126 985 1,158 954 1,91 23 898 955 1,157 1,312 1,425 1,372 1,343 1,336 1,25 1,215 992 1,96 24 948 1,4 1,397 1,57 1,599 1,74 1,61 1,515 1,294 1,336 1,228 1,289 25 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 795 84.13% 26 974 1,147 1,597 1,493 1,643 1,666 1,38 1,414 1,95 1,174 1,99 1,1 27 947 999 1,339 1,318 1,418 1,378 1,182 1,84 769 884 81 753 28 594 71 9 973 1,25 1,34 945 Total Unit Sales Annual Comparison** YTD Annual Comparison Breakdown by Type 16, 2, 1,8 1,6 1,4 1,2 1, 8 6 4 2 24 948 1,4 1,397 1,57 1,599 1,74 1,61 1,515 1,294 1,336 1,228 1,289 25 1,75 1,357 1,566 1,519 1,739 1,89 1,619 1,87 1,474 1,414 1,274 1,269 26 974 1,147 1,597 1,493 1,643 1,666 1,38 1,414 1,95 1,174 1,99 1,1 27 947 999 1,339 1,318 1,418 1,378 1,182 1,84 769 884 81 753 14, 12, 1, 8, 6, 4, 2, SFR/SFRNC TH/THNC CND/CNDNC MSFR MH Total 25 14,179 2,223 359 1,38 24 Total 26 11,85 2,461 42 858 166 Total 27 9,918 1,182 1,13 642 126 YTD 28 5,174 555 342 262 63 28 594 71 9 973 1,25 1,34 945 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 4
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 $79,528,54 1997 $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 $92,2,619 1998 $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 $121,751,84 1999 $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 $123,753,719 21 $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 $285,655,623 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 $193,643,336 28 $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 $13,745,913 5.71% CND/NC $5,954,182 2.47% MSFR $3,26,777 1.35% 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 $217,617,554 9.36% 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 $193,643,336 28 $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
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 $13,83 1997 $135,318 $13,164 $128,53 $124,67 $131,332 $132,644 $132,653 $127,541 $137,216 $135,97 $134,66 $133,818 1998 $134,345 $127,442 $138,49 $138,17 $143,527 $149,769 $137,888 $135,264 $133,184 $131,686 $133,763 $14,754 1999 $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 $161,348 21 $154,163 $15,354 $154,135 $163,871 $164,253 $162,928 $168,27 $167,324 $159,739 $152,987 $156,99 $164,287 22 $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 $216,222 25 $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 $259,687 27 $272,351 $259,516 $27,648 $278,577 $278,619 $293,443 $267,88 $273,953 $272,966 $259,557 $266,794 $257,162 28 $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 $112,441 14.71% MH $51,8 6.78% SFR/NC $273,733 35.82% $1,, $9, $8, $7, $937, CND/NC $135,322 17.71% TH/NC $19,915 24.98% $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
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% 1996 89 948 1,38 1,15 981 814 847 682 64 67 538 477 1997 699 766 911 851 87 859 856 775 765 691 712 613 1998 88 887 1,2 1,76 99 95 946 898 885 964 815 651 1999 861 961 1,251 1,148 1,145 1,228 1,88 957 954 859 913 624 2 689 1,3 1,216 1,39 973 954 969 896 813 846 814 649 21 887 1,89 1,285 1,168 1,246 1,217 1,131 1,148 911 1,11 92 84 22 1,18 1,254 1,415 1,555 1,427 1,345 1,335 1,335 1,241 1,243 1,251 1,17 23 1,319 1,41 1,71 1,719 1,712 1,684 1,62 1,515 1,316 1,414 1,233 1,14 24 1,47 1,676 2,64 2,766 2,44 1,978 1,916 1,71 1,652 1,742 1,593 1,282 25 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 1,89 893 747 782 891 678 27 863 1,94 1,192 1,217 1,191 2,53 1,777 1,24 989 993 91 799 28 1,79 1,317 1,41 1,547 1,485 951 96 **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 $125,531 22 $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, $215,995 27 $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
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 4,642 22 2,776 1,6 925 1,922 1,48 273 56 977 153 26 1,448 863 3,528 234 2,365 1,264 1,88 1,554 1,21 28 668 1,86 122 27 1,81 669 3,226 158 2,25 897 928 1,26 745 314 825 665 88 YTD 28 569 282 1,649 62 918 467 43 62 449 18 44 32 37 Average Sold per Area by # of Units Sold per Area by # of 2 3 4 5+ All 2 3 4 5+ All N $ 226,154 $ 391,488 $ 769,182 $ 628,75 $ 491,613 N 22 22 27 4 75 NE $ 171,829 $ 412,69 $ 451,483 $ 519, $ 393,982 NE 7 17 13 4 41 NW $ 236,724 $ 263,813 $ 389,4 $ 339,618 $ 3,526 NW 37 121 72 11 241 XNW $ $ 138,663 $ 18,53 $ $ 144,644 XNW 6 1 7 C $ 168,22 $ 198,776 $ 4,817 $236, $ 21,39 C 63 73 18 3 157 E $ 1,69 $ 189,78 $ 23,153 $ 3, $ 19,636 E 1 45 19 2 76 S $ 84,35 $ 116,73 $ 23,75 $ 267,612 $ 133,862 S 7 43 14 1 65 SE $ 158,465 $ 22,137 $ 246,381 $ 296,725 $ 219,656 SE 5 52 34 4 95 SW $ 13,686 $ 148,67 $ 182,566 $ 21,489 $ 16,888 SW 7 27 23 5 62 XSW $ 155,557 $ 17,48 $ 222,25 $ $ 147,914 XSW 7 5 2 14 XS $ 191,215 $ 25,855 $ 237,686 $ 297,575 $ 221,623 XS 5 3 2 4 59 W $ 128,286 $ 211,86 $ 326,71 $ $ 223,849 W 7 3 1 47 XW $ $ 169,5 $ 122,467 $ $ 141,28 XW 2 3 5 XNE $ 937, $ $ $ $ 937, XNE 1 1 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 8
JULY 28 RESIDENTIAL SALES STATISTICS Active Listings July 28 12, 1, 8, 6, 4, 2, 1996 4,215 4,331 4,344 4,359 4,42 4,513 4,58 4,74 4,73 4,76 4,543 4,59 1997 4,559 4,85 4,79 4,613 4,525 4,387 4,382 4,468 4,626 4,776 4,674 4,657 1998 4,771 4,714 4,739 4,569 4,524 4,363 4,412 4,446 4,579 4,683 4,576 4,517 1999 4,623 4,59 4,414 4,186 3,981 3,854 3,784 3,812 3,941 4,21 3,888 3,777 2 4,16 3,982 3,938 3,91 3,848 3,876 3,98 4,2 4,229 4,546 4,481 4,422 21 4,716 4,78 4,69 4,478 4,255 4,179 4,1 4,128 4,448 4,64 4,528 4,597 22 4,859 4,456 4,953 4,868 4,747 4,772 4,778 4,837 4,968 5,13 5,67 4,816 23 5,172 5,221 5,264 5,24 4,754 4,628 4,64 4,59 4,799 4,821 4,694 4,639 24 4,856 4,75 4,668 4,55 4,37 4,123 3,926 3,927 3,976 3,838 3,633 3,383 25 3,47 3,262 3,493 3,64 3,882 3,969 4,62 4,45 4,84 5,33 5,554 5,457 26 6,499 7,174 7,577 8,131 8,423 8,725 8,955 9,41 9,297 9,336 9,238 8,518 27 9,742 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 72 28 9,168 9,168 9,22 8,88 8,527 8,14 7,876 Active Listings Unit Breakdown Active Listings Price Breakdown TH/NC 667 8.47% CND/NC 475 6.3% MSFR 421 5.35% MH 91 1.16% SFR/NC 6,222 79.% 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 2 4 6 8 1, 1,2 1 15 26 6 89 13 14 312 297 335 459 524 611 67 621 665 883 1,6 1,113 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 9
JULY 28 RESIDENTIAL SALES STATISTICS Average Days on Market/Listing July 28 1 9 8 7 6 5 4 3 2 1 1996 66 65 62 6 58 6 65 61 67 66 77 79 1997 84 85 76 79 77 78 74 69 74 75 74 78 1998 83 75 69 7 64 67 66 64 68 68 62 68 1999 71 71 63 64 6 61 61 6 59 53 58 61 2 63 63 57 53 5 47 52 5 49 52 5 55 21 6 59 55 53 48 48 46 46 48 45 48 56 22 59 57 53 52 49 47 48 5 51 49 5 55 23 56 54 77 52 53 53 51 72 49 52 82 5 24 56 61 59 8 51 45 43 4 37 4 39 38 25 42 37 35 31 29 28 25 25 27 29 32 38 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 13 26 42 43 44 44 48 45 47 51 49 55 58 62 27 68 63 64 65 62 64 65 68 72 7 71 74 28 83 81 75 78 77 78 78 Annual Comparison Average Days on Market/Listing Average Days on Market/Listing Breakdown 9 8 7 121 18 Days 141 14.9% 181 + Days 72 7.6% 3 Days 28 29.6% 6 5 4 3 2 25 42 37 35 31 29 28 25 25 27 29 32 38 26 42 43 44 44 48 45 47 51 49 55 58 62 27 68 63 64 65 62 64 65 68 72 7 71 74 91 12 Days 11 1.7% 61 9 Days 137 14.5% 31 6 Days 214 22.6% 28 83 81 75 78 77 78 78 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 1
JULY 28 RESIDENTIAL SALES STATISTICS New Listings July 28 4, 3,5 3, 2,5 2, 1,5 1, 5 1996 1,623 1,462 1,526 1,447 1,57 1,314 1,518 1,216 1,211 1,377 1,5 786 1997 1,553 1,287 1,54 1,342 1,258 1,245 1,317 1,275 1,49 1,334 1,157 98 1998 1,72 1,44 1,588 1,461 1,43 1,321 1,43 1,42 1,476 1,544 1,297 947 1999 1,772 1,487 1,76 1,456 1,41 1,476 1,388 1,429 1,414 1,33 1,265 89 2 1,376 1,42 1,527 1,328 1,395 1,392 1,288 1,457 1,415 1,542 1,358 892 21 1,844 1,512 1,71 1,59 1,521 1,585 1,62 1,67 1,574 1,777 1,352 1,15 22 2,124 1,695 1,897 1,951 1,755 1,741 1,782 1,726 1,851 1,952 1,549 1,191 23 2,261 1,882 1,977 1,877 1,746 1,811 1,889 1,798 1,799 1,91 1,528 1,231 24 2,24 1,831 2,4 1,941 1,816 1,898 1,896 1,789 1,85 1,75 1,539 1,127 25 1,947 1,574 2,15 2,12 2,21 2,293 2,132 2,351 2,44 2,474 2,313 1,638 26 3,29 2,973 3,25 2,892 3,169 3,232 2,867 3,145 2,97 2,886 2,38 1,79 27 3,499 2,376 2,71 3,85 2,96 2,82 2,766 2,337 2,497 2,399 2,224 1,59 28 3,744 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 28 813 1,161 31 456 February 28 64 778 18 214 March 28 676 852 2 215 April 28 653 879 15 218 May 28 629 836 19 121 June 28 615 962 14 88 July 28 595 719 28 81 August 28 September 28 October 28 November 28 December 28 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 11
JULY 28 RESIDENTIAL SALES STATISTICS Sale Price by Bedroom to 2 3 35 3 25 2 15 1 5 1 4 4 3 5 4 7 15 31 2 17 9 26 15 12 2 1 1 1 9 8 7 6 5 4 3 2 1 1 3 6 4 2 9 8 15 41 62 6 69 85 42 34 18 1 2 2 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 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 7 6 62 2 18 16 173 5 43 47 14 4 3 2 1 2 1 2 14 8 21 26 26 21 11 1 12 1 8 6 4 2 2 7 1 9 7 14 17 3 86 9 98 14 1 93 46 32 14 13 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 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
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 73 1 3 Days 28 $3, to $39,999 1 1 2 NE 451 31 6 Days 214 $4, to $49,999 15 3 18 7 NW 1,987 61 9 Days 137 $5, to $59,999 26 4 1 31 1 XNE 12 91 12 Days 11 $6, to $69,999 6 9 69 9 XNW 124 121 18 Days 141 $7, to $79,999 89 15 1 4 19 7 C 984 Over 18 Days 72 $8, to $89,999 13 13 1 3 12 14 E 445 Avg. Days on Market $9, to $99,999 14 2 2 5 167 17 S 513 78 $1, to $119,999 312 36 1 12 361 3 SE 625 Avg. Sold Price $12, to $139,999 459 74 11 13 557 86 SW 625 $254,854 $14, to $159,999 611 64 1 23 78 9 XSW 39 Avg. Median Price $16, to $179,999 67 79 14 43 743 98 XS 519 $199,9 $18, to $199,999 621 58 7 22 78 14 W 48 $2, to $249,999 1,113 9 11 3 1244 173 XW 72 $25, to $299,999 883 53 5 4 981 1 Sold Units per $3, to $349,999 519 33 1 18 571 64 N 75 $35, to $399,999 487 17 1 13 518 29 NE 41 $4, to $449,999 258 17 6 281 23 NW 241 $45, to $499,999 266 13 2 3 284 23 XNE 1 $5, to $749,999 665 2 6 9 7 32 XNW 7 $75, to $999,999 297 7 1 4 39 14 C 157 $1,, to $1,249,999 76 4 8 3 E 76 $1,25, to $1,499,999 85 1 3 89 4 S 65 $1,5, to $1,999,999 93 3 1 97 2 SE 95 $2,, to $2,999,999 56 56 3 SW 62 $3,, and over 25 25 1 XSW 14 XS 59 Totals 7,876 633 74 253 8,836 945 W 47 XW 5 Jul. 28 Jul. 27 % Change YTD 28 YTD 27 % Change Home Sales Volume $24,837,426 $316,549,145 23.92% $1,639,81,767 $2,369,92,517 3.81% Home Sales Units 945 1,182 2.5% 6,396 8,612 25.73% Average Sales Price (All Residential) $254,854 $267,88 4.84% $256,381 $275,188 6.83% Median Sales Price $199,9 $217, 7.88% $2, $221, 9.5% Average Days on Market: 78 65 2.% 78 64 21.88% Average List Price for Solds: $268,131 $277,827 3.49% $ 269,59 $ 286,84 5.77% SP/LP % 95.5% 96.39% 95.1% 96.19% Pending Contracts 96 1,777 45.98% Active Listings 7,876 8,692 9.39% New Listings 1,679 2,766 39.3% 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. www.tarmls.com www.tucsonrealtors.org 13