November has duly followed seasonal trends,  and December is expected to follow the same pattern.

Tucson New listings are currently  at 1615 which is around 20.5% less inventory than last year. this  is also a good sign for the Tucson Real Estate Market.

However, the average sales price is slightly down at $215,913.

A recent quote from the National Association of Realtors about the real estate market states

"Despite the turmoil in the economy, the overall level of pending home sales has been remarkably stable over the past

year, holding in a generally narrow range," says Lawrence Yun, NAR chief economist. "We did see a spike in August when

mortgage conditions temporarily improved, which underscores two things – there is a pent-up demand, and access to

safe, affordable mortgages will bring more buyers into the market."