Tucson Real Estate

Housing Market Evaluation: April 2007

The Tucson Association of Realtor’s Multiple Listing Service just released the April 2007 statistics and once again it indicates that Tucson is still a buyer’s market. With inventory levels at record highs, buyer’s have the luxury of seeing several homes in a reasonable amount of time. However, there are indicators that the market is approaching stabilization. For example, the sales volume and average sales price were very similar in comparison to March 2007 figures and the days on market dropped slightly from 67 to 65 day.

Tucson Real Estate On Average

The average sales price for single family homes in April 2007 is $298,876, townhomes/condos averages sales price is $184,869 and manufactured homes average sales price is $75,741.

With interest rates still hovering around the 6.5%, purchasing a home in Tucson can potentially become your best investment!

Annual Comparison Chart