Tucson Real Estate Market
Tucson Real Estate Absoption Rates July 2008
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I’m going to chalk this up to the lazy crazy days of summer. I wrote more on this in yesterdays post on the Tucson MLS Statistics for July 2008.
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Tucson MLS Statistics for July 2008
July traditionally in Tucson sees a drop in real estate sales. This year was on exception. But do you know why sales drop on in July? There are several reasons. First, it is hot, really, really hot, in July and in the heart of the Monsoon Season which means it is [...]
Tucson Residential Real Estate Twenty Days in July 2008
We are twenty days into July 2008. We had a long holiday weekend and July historically is one of the slowest for Tucson real estate. I call it our:
Opposite of Winter
Tucson Real Estate Absoption Rates June 2008
The overall absorption rate for Tucson in June was 7.88 months
The absorption rates improved for most of the Tucson areas in June. Some of the areas are actually showing a lower than normal inventory. The inventory for June dropped to 8,140 for all of Tucson and two area have just over 5 months [...]
Tucson MLS Residential Closed Transaction June 2008 Snapshot
There are two more days for Closed Transactions to be entered into the system before stats will be pulled or a fine incurred for late entry. I know many of you following the Tucson Real Estate Market are wondering what June is going to be like considering the continued lose of consumer confidence in the economy and the cost of crude oil now topping over $143 a barrel, at least that is what I heard this morning.
Tucson Lost Home Equity
Once again Kenneth Harney has cut through the retoric to the heart of a matter. He has been a weekly read of mine for some time. It is a column I look forward to reading every Saturday in the Arizona Daily Star business section. Yesterday’s column tackled and Lost Home Equity that has been in the media reported in the billions of dollars of lost equity value.
Tucson Real Estate Absorption Rates May 2008
Here is the absorption rate table for showing April and May 2008 Absorption Rates. As you can see some areas are doing quite well while others are still struggling to get under the 11 months of inventory mark. However, it appears overall we are moving in the right direction. Down from the [...]
