THE TUCSON REAL ESTATE MARKET Trend is local…..The Tucson Association of REALTORS® November 2007 Housing Report’s statistics show a more stable market than in November of 2006
According to the Tucson Association of Realtors new contracts opening escrow, listing inventory and new listings coming on the market all supported the positive trend when compared to November 2006 for the sixth consecutive month.
The 910 New Contracts opening escrow compare with 891 in November 2006.The Active Listing inventory of 9,234 is slightly fewer than the 9,238 in November 2006.
The National Association of REALTORS® has projected that the existing-home sales will trend up in 2008, with this same trend
that we see in Tucson, being seen less dramatically in other cities. Lawrence Yun, NAR Senior Vice President and Chief
Economist has said, "Now that mortgage conditions have improved, some postponed activity should turn up in existing-home
sales over the next couple of months, and I expect sales at fairly stable to slightly higher levels."
THERE’S NEVER BEEN A BETTER TIME TO BUY A TUCSON HOME!!!
