As of December 2009 active inventory was 6,327, an 18% decrease from December 2008. There were 850 closings in December 2009, an increase of 15% from December 2008. Months of Inventory was 7.4, down from 10.5 in December 2008. Median price of sold homes was $155,000 for the month of December 2009, down 8% from December 2008. Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 83% from December 2008. If you are looking to buy a home, you now have until April 30, 2010 to qualify for the Home Buyer Tax Credit! Up to $8,000 for first time homebuyers and now up to $6,500 for current homeowners purchasing a primary residence. Contact me for more details.
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