The Greater Tucson area Sales Statistics
| Active | 5096 |
| CAPA | 330 |
| Contingent | 1233 |
| Expired | 337 |
| Pending | 289 |
| Sold | 816 |
| Withdrawn | 398 |
| Months of Inventory | 6.3 |
| DOM | 80 |
| Months until bottom | 3 |
Past Market Statistics
| Active Lisitings | 5293 |
| Active Capa | 312 |
| Active Contingent | 1276 |
| Expired | 405 |
| Pending | 342 |
| Sold | 925 |
| Withdrawn | 411 |
| Months of Inventory | 5.7 |
| Average Days On Market | 80 |
| Months until Bottom | 4.3 |
These are true ethical statistics drawn from both the entire population of active listings in Tucson, AZ and samples of other catergories. Some of the numbers (expireds, pending, sold, withdrawn ) are calculated over the last 30 days. Months of inventory is calculated by dividing the number of active listings by the solds over the last thirty days. This number is a snap shot not taking into account new listings. Days on Market are a sore spot for the MLS and the local brokerages. They are derived from last months sales statistics. They are probably plus or minus 100 days.
The Months until Bottom is my prediction should all economic indicators stay the same. Keep in mind that we will never see bottom if the government doesn't get spending, unemployment, the bailout, and corruption under control. But who are we kidding? This number of months is derived from other economic predictions that will affect Real Estat in Tucson and everywhere in America.
Eli McCauley will update this portion of the blog once a week. Expect a weekly addition going after commercial, land, or income properties as well. Good luck and happy hunting.
