Oro Valley Real Estate Statisitcs July 2007


The Tucson MLS Statistics are out for the month of July 2007. Oro Valley is a part of the Tucson MLS in the NW Area figures. Not all of the NW is in Oro Valley but it is about as close as we can get to accurate information on Oro Valley Real Estate Statistics for July 2007

Description
Mar 07
Apr 07
May 07
June 07
July 07
Number of Sold Units
303
316
323
310
279
YTD Sold Listings
786
1102
1457
1779
2081
Active Listings
2682
2668
2617
2343
2539
New Listings
690
783
791
725
721
Average Sale Price
$306,963
$318,905
$340,820
$347,165
$306,459
Absorption Rate
8.85 mo.
8.44 mo.
8.10 mo.
8.10 mo.
9.10 mo.

 

July’s numbers were down slightly for the entire Tucson Area. Considering all the bad news about Mortgage Meltdowns and the fall in the stock market as a result, to have held at this level is very good.

Here is a look at the Homes sold by bedrooms

Month 0-2 Br 3 Br 4 Br 5+ Br All Br
           
March
$262,446
$275,427
$386,798
$733,111
$306,963
April
$277,228
$303,790
$348,267
$512,482
$318,905
May
$269,700
$319,839
$411,737
$481,655
$340,820
June
$265,539
$282,280
$477,143
$446,163
$347,165
July
$241,552
$267,902
$381,583
$460,250
$306,459

The only category for Number of Bedrooms showing an increase for July over June was the 5+ bedrooms.

For the past 5 years July sales numbers have declined over June’s and most of those years the decline overall was between 2 and 3 hundred fewer sales for the month. This July the decline was 128 fewer sales.

Pending contracts for July are quite a bit higher than July of 06 and should lead to strong number for the August reporting period.

For a complete analysis of the Tucson Real Estate Statistics for July 2007 go to the Tucson Real Estate in The News.

For those wanting to look at the entire Tucson MLS Statisitics Report for July 2007.