Tucson Real Estate Market Report – January 2011

Tucson Main Market
Active listings in December were 7,650 compared to 8,311 in November. 
There were 928 closings in December compared to 800 in November.
Median price of sold homes was $139,700 in December compared to $139,775 in November.
There were 942 new properties under contract in December 2010, up 22% from December 2009.
Number of closings was 9% above December 2009.
Median price of sold homes was 10% below December 2009.

Central
There were 928 active listings in December compared to 1013 in November.
There were 98 closings in December compared to 80 in November.
Median price of sold homes was $121,650 in December compared to $115,000 in November.
Number of new properties under contract were up 40% from December 2009.
Number of closings were 4% below December 2009.
Median price of sold homes was 9% below December 2009.

East
There were  502 active listings in December compared to 557 in November.
There were 55 closings in December compared to 63 in November.
Median price of sold homes was $124,000 in December compared to $130,000 in November.
Number of new properties under contract were up 37% from December  2009.
Number of closings was 8% above December 2009.
Median price of sold homes was down 18% from December 2009.

North
Active listings in December were 727 compared to 787 in November.
There were 80 closings in December compared to 50 in November.
Median price of sold homes was $330,000 in December compared to $377,000 in November.
Number of new properties under contract were up 19% from December 2009.
Number of closings were 27% above December 2009.
Median price of sold homes was down 13% from December 2009.

Northeast
Active listings in December were 398 compared to 446 in November.
There were 46 closings in December compared to 34 in November.
Median price of sold homes was $207,500 in December compared to $248,500 in November.
Number of new properties under contract were up 15% from December 2009.
Number of closings were 18% above December 2009.
Median price of sold homes was down 15% from December 2009.

Northwest
Active listings in December were 1,956 compared to 2,140 in November.
There were 232 closings in December compared to 193 in November.
Median price of sold homes was $174,950 in December compared to $175,000 in November.
Number of new properties under contract were up 44%  from December 2009.
Number of closings were 29% above December 2009.
Median price of sold homes was 17% below December 2009.

Oro Valley
Active listings in December were 460 compared to 485 in November.
There were 40 closings in December compared to 39 in November.
Median price of sold homes was $267,500 in December compared to $218,000 in November.
Number of new properties under contract were up 3% from December 2009.
Number of closings were 3% above December 2009.
Median price of sold homes was up 1% from December 2009.

South
Active listings in December were 511 compared to 537 in November.
There were 84 closings in December compared to 80 in November.
Median price of sold homes was $79,900 in December compared to $79,932 in November.
Number of new properties under contract were virtually unchanged from December 2009.
Number of closings were 8% above December 2009.
Median price of sold homes was down 12% from December 2009.

Southeast
Active listings were  634 in December compared to 692 in November.
There were 93 closings in December compared to 79 in November.
Median price of sold homes was $135,000 in December compared to $153,000 in November.
Number of new properties under contract were up 24% from December 2009.
Number of closings were 18% above December 2009.
Median price of sold homes was 21% below December 2009.

Southwest
Active listings in December were 565 compared to 605 in November.
There were 77 of closings in December compared to 73 in November.
Median price of sold homes was $101,000 in December compared to $95,000 in November.
Number of new properties under contract were down 16% from December 2009.
Number of closings were 19% below December 2009.
Median price of sold homes was down 13% from December 2009.

West
Active listings were 384 in December compared to 428 in November.
There were 54 closings in December compared to 42 in November.
Median price of sold homes was $98,950 in December compared to $113,400 in November.
Number of new properties under contract were up 14% from December 2009.
Number of closings were 6% above December 2009.
Median price of sold homes was down 22% from December 2009.