For Immediate Release: May 10, 2006 Contact: Paul Olson, President, (520) Rick Hodges, Chief Executive Officer (520)

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1 April 26 For Immediate Release: May, 26 Contact: Paul Olson, President, (52) Rick Hodges, Chief Executive Officer (52) MLS Month in Review Tucson Association of REALTORS Multiple Listing Service, Inc. The Voice for Real Estate in Tucson 2445 N. Tucson Blvd. Tucson, Arizona, 8576 April 26 Residential Home Sales In a Real Estate market that is in the middle of a correction, it s interesting to note that the unique nature of Tucson real estate does not follow the average up and down cycle seen in many other communities. People chose to live in Tucson because they want to. Tucson real estate retains value. The April 26 Statistical Report reflects the above. In the last 2 months, sales volume continues to show an increase. Average sale price shows an increase from April last year. Average days on market is still at 45 for the last 4 months. New listings continue to appear, however this is simply giving the buyer more choice in the marketplace. Our market remains healthy Paul Olson, 26 Tucson Association of REALTORS Multiple Listing Service President Home Sales Volume: Increased.6% from $367,27,423 in April, 25, to $46,93,433 in April, 26. Home Sales Units: Decreased.54% from,489 units sold in April, 25, to,466 units sold in April, 26. Average Sale Price (all residential types): Increased 2.33% from $246,656 in April, 25, to $277,76 in April, 26. Median Sale Price (the price at which half the homes were sold above and half below): Increased.86% from $ 96, in April, 25, to $29,25 in April, 26. Average Sale Price (single family residences): Increased 7.3% from $262,54 in April, 25, to $37,42 in April, 26. Average Days on Market: Increased from 35 in April, 25, to 45 in April, 26, with 48.6% of all closed listings selling in the first 3 days on the market. Pending Contracts (transactions subject to contract but not yet closed escrow): Decreased 5.62% from 2,285 in April, 25, to,928 in April, 26. Active Listings: Increased 23.38% from 3,64 in April, 25, to 8,3 in April, 26. New Listings: Increased 36.42% from the 2,2 listings added in April, 25, to the 2,892 listings added during April, 26. The Tucson Association of REALTORS Multiple Listing Service, Inc. is a wholly owned subsidiary of the Tucson Association of REALTORS. With more than 6,3 members, it is affiliated with the Arizona Association of REALTORS and the NATIONAL ASSOCIATION OF REALTORS. Only members of the Association can use the term REALTOR. Its members provide professional real estate services to buyers and sellers and adhere to the organization s strict professional Code of Ethics.

2 Total Unit Sales April 26:,466 Units SFR % MH 6.% TH/CND % Total Sales Volume April 26: $46,93, SFR $346,453, % Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc. MH $,89,.3% TH/CND $58,55, %

3 Average Sale Price April 26: $277, $35, $3, $25, $2, $5, $, $5, $ SFR TH/C MH Avg SP $37,42 $8,27 $74,39 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

4 AVERAGE SALE PRICE PER AREA BY # BEDROOMS -2 Brdrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms N $23,6 $49,993 $865,6 $,7,722 $47,247 NE $62,93 $364,476 $53,42 $373,25 $392,2 NW $243,542 $3,98 $472,735 $482,348 $337,238 XNW $95,529 $23,555 $63,72 $49,77 C $66,932 $226,9 $37,382 $,5, $228,465 E $55,582 $234,88 $265,4 $46, $29,63 S $,773 $69,728 $8,68 $233,79 $64,75 SE $5,57 $243,69 $299,762 $572, $254,742 SW $9,78 $87,52 $232,3 $35,778 $86,585 XSW $26,473 $23,425 $23,375 $22,45 XS $236,738 $274,345 $325,246 $78,5 $279,975 W $29,3 $29,852 $379,542 $645,469 $24,78 XW $279,95 $3,77 $64,9 $53,693 CCO $29,278 $83,658 $82,5 $48,89 CPI $32,675 $9,639 $287,333 $234,37 CSC $376,337 $64, $433,5 TOTAL $84,35 $255,888 $4,64 $83,48 $277,76 NUMBER OF SOLD LISTINGS PER AREA BY # BEDROOMS -2 Brdrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms N NE NW XNW C E S SE SW XSW XS W XW CCO CPI CSC 3 4 TOTAL ,466 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

5 Median Sale Price April 26: $29, $25, $2, $5, $, $5, $ SFR TH/C MH Med SP $238,5 $65,4 $6,75 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

6 % Change: SFR Unit Sales Unit (#) Sales % 25.% 2.% 5.%.% 5.% Percentage (%) Change Jan Feb Mar Apr % Change % 24.7% 9.3%.4% Month % Change: SFR Avg Sale Price.% % Value ($) Jan Feb Mar Apr % Change % 2.8% 2.7% 7.3% Month 2.% 5.%.% 5.%.% Percentage (%) Change Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

7 Terms of Sale: April 26 CASH 4.7% OTHR.% VA 2.2% COCB.3% ARM.% FHA.6% CONV 8.% Total Listings Under Contract* Reported April 26:, * Note: Data includes listings under contract that remained active on the market Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

8 Active Listings April 26: 8, Active Listing Price Breakdown April 26: Average Price: $364,35 MH SFR 83.% % TH/C 9 3.6% April 26 Area Listings N 728 NE 48 NW 99 XNE 3 XNW 5 C 49 E 452 S 43 SE 696 SW 68 XSW 25 XS 459 W 398 XW 69 CCO 2 CGI 2 CGE CMA 5 CPI 267 CSC 92 CYA PE 6 PNW PS 6 PSW MEX 9 ZZZ 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

9 Average Days on Market April 26: 45 Days April 26 Area DOM N 4 NE 46 NW 47 XNW 66 C 39 E 35 S 34 SE 47 SW 48 XSW 37 XS 42 W 42 XW 63 CCO 9 CPI 79 CSC 53 April 26 Average Days on Market Breakdown 6-9 Days 8.3% 3-6 Days 3.5% 9-2 Days 5.% 2-8 Days 4.3% 8+ Days 2.3% - 3 Days 48.6% Average % of List Price Received on Solds by Market Time - April 26 2% % 8% 6% 4% 2% % -3 Days 3-6 Days 6-9 Days 9-2 Days 2 + Days Avg % LP/SP 98.37% 98.4% 95.58% 96.55% 95.93% Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

10 Sales Price Breakdown by Bedrooms 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price ,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price ,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price ,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.

11 New Listings April 26: April New Construction* -Sold Information- April 26: 77 Units *Note: This information represents only New Construction Listings entered in the MLS. Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc. Area New N 23 NE 53 NW 728 XNE XNW 28 C 379 E 22 S 47 SE 262 SW 242 XSW 6 XS 4 W 35 XW 5 CCO 56 CPI 77 CSC 6 PE PNW PS 2 SOR MEX 3 ZZZ Month Units Sold Sold Volume Average Price Median Price 22 Totals 79 6,84,55 225,93 58,87 23 Totals 478 8,7,72 226,3 73,85 24 Totals ,98,76 258,329 92,272 Jan ,72,44 29,8 22,473 Feb ,922,33 42,96 265,423 Mar ,, ,923 22,38 Apr ,64,76 368, ,664 May ,45,839 38,29 238, June ,89,324 3,63 227,58 July ,944, ,4 249,49 Aug ,26,83 32,5 227,383 Sep ,32,39 335, ,7 Oct ,43, ,542 26,667 Nov 25 37,934, , ,5 Dec 25 38,594, ,89 226, Totals 58 83,798,84 36, ,72 Jan ,4,525 29,662 27,994 Feb ,99, ,435 27,734 Mar ,662, ,662 27,963 Apr ,934, , , Totals 27 7,628,96 33,87 223,93