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Tucson Main Market | July 2011

As of June 2011 active inventory was 5,876, a 14% decrease from June 2010. There were 1,333 closings in June 2011, 15% above June 2010. Months of Inventory was 4.4, down from 5.9 in June 2010. Median price of sold homes was $126,000 for the month of June 2011, down 16% from June 2010. The Tucson Market had 1,469 new properties under contract in June 2011, up 60% from June 2010.

Months of Inventory, Active Listings and Closings

8000

Active Listings

Closings

Months of Inventory

12.0

7000 10.0

Active Listings/Closings

8.0 5000

4000

6.0

3000 4.0 2000 2.0 1000

0
Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11

0.0

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 7/11/2011. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Median and Average Price (Closed Sales)

250000

Average Price

Median Price

200000

150000

Pricing

100000

50000

0
Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 7/7/2011. Information is believed to be reliable, but not guaranteed.

Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

Months of Inventory

6000

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Tucson Main Market | July 2011

New Properties Under Contract

2000

This graph depicts the new properties that have gone under contract in the given month.

1800

Number of New Properties Under Contract

1600

1400

1200

1000

800

600

400

200

Jun09

Jul09

Aug09

Sep09

Oct09

Nov09

Dec09

Jan10

Feb10

Mar10

Apr10

May10

Jun10

Jul10

Aug10

Sep10

Oct10

Nov10

Dec10

Jan11

Feb11

Mar11

Apr11

May11

Jun11

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 7/12/2011. Information is believed to be reliable, but not guaranteed.

Market Share
35.0%

30.2%
30.0% 25.0%

Percentage

20.0%

15.0%

11.2%
10.0%

7.8%
5.0%

7.4% 3.2%

2.1%

0.0%

Long Realty Company

Tierra Antigua Realty

Coldwell Banker Residential Brokerage

Keller Williams Sourthern AZ

Realty Executives

HomeSmart

Data Obtained 7/7/2011 from TARMLS using BrokerMetrics software for all closed residential sales volume between 7/1/2010-6/30/2011 rounded to the nearest tenth on one percent and deemed to be correct.

Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

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Tucson Main Market | July 2011 Price Banded Market Report Residential Homes
Homes on the Market
Price Band

Homes Sold/Closed
Jan-11 91 84 81 113 89 87 72 39 28 26 18 20 20 20 23 3 3 817 Feb-11 78 71 109 143 116 63 73 58 39 28 23 29 23 34 23 7 4 922 Mar-11 132 136 174 173 142 92 81 70 41 30 23 42 23 34 26 5 5 1,229 Apr-11 120 123 137 176 142 106 89 59 55 30 19 34 28 30 39 11 6 1,204 May-11 138 133 169 193 155 116 83 68 42 33 32 30 28 35 31 6 8 1,300 Jun-11 113 159 170 186 175 99 75 60 56 32 26 47 24 25 31 14 5 1,297

Months of Inventory

Jun-11 300 444 613 534 522 427 488 241 307 161 223 262 243 311 315 134 171 5,696

$1 - 49,999 $50,000 - 74,999 $75,000 - 99,999 $100,000 - 124,999 $125,000 - 149,999 $150,000 - 174,999 $175,000 - 199,999 $200,000 - 224,999 $225,000 - 249,999 $250,000 - 274,999 $275,000 - 299,999 $300,000 - 349,999 $350,000 - 399,999 $400,000 - 499,999 $500,000 - 749,999 $750,000 - 999,999 $1,000,000 - and over

2.7 2.8 3.6 2.9 3.0 4.3 6.5 4.0 5.5 5.0 8.6 5.6 10.1 12.4 10.2 9.6 34.2 4.4

TOTAL

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 7/7/2011. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Real estate is in fact very localized. Market conditions can vary greatly by not only geographic area but also by price range, as demonstrated in the above Long Realty Research Center chart. Find the price range of interest to you to track relevant market conditions, and contact me for a more in-depth analysis.
Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com

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Tucson Main Market | July 2011

Months of Inventory by Zip Code

85739 | 7.0 Months 85658 | 10.4 Months 85755 | 7.1 Months

85653 | 3.7 Months 85742 | 3.5 Months

85737 | 4.6 Months

85750 | 6.6 Months 85704 | 4.5 Months

85741 | 2.1 Months 85743 | 3.3 Months 85718 | 7.1 Months

85749 | 11.6 Months

85705 | 3.0 Months

85712 | 3.4 Months 85715 | 3.5 Months

85745 | 4.7 Months

85719 | 4.0 Months

85716 | 4.8 Months

85701 | 5.4 Months 85711 | 3.8 Months 85735 | 4.5 Months 85713 | 5.0 Months

85748 | 4.7 Months 85710 | 5.2 Months

85730 | 3.3 Months 85714 | 4.8 Months

85757 | 2.0 Months 85756 |1.9 Months 85746 | 2.3 Months 85706 | 2.2 Months

85747 | 5.1 Months

85614 | 10.3 Months

85622 | 16.9 Months

85629 | 3.2 Months

85641 | 5.3 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 7/7/2011. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered balanced when Months of Inventory is around 6. As you can see by this Long Realty Research Center map, market conditions can vary signicantly by area. Contact me to get Months of Inventory information for your specic neighborhood.
Sherie Broekema Foothills 4051 E Sunrise Dr, Ste 101 Tucson, Arizona 85718 (520) 918-5462 SherieB@TucsonHomes.com http://SherieB.LongRealty.com