Monthly Statistical Digest

Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest May 7 FOR IMMEDIATE RELEASE: June 3, 7 COTACT: Judy Lowe, President - (5) 59-589 Rick Hodges, CEO - (5) 37-48 LETTER FROM THE PRESIDET The Tucson Association of REALTORS Multiple Listing Service Board of Directors voted to modify 7 monthly closed residential statistics to more accurately reflect the true Tucson real estate market as it occurs within the Tucson market area, according to the boundaries of the MLS map. The out of county, out of state, and out of country (Mexico) properties will no longer be included. This will make only a slight difference when comparing 7 to prior years. Regardless of what is being reported by the media for other regions nationally, the average sales price in Tucson continues to rise, reaching $8,589 in May 7. The median sales price for May '7 was $3,5, compared to the $,5 of May '6. In addition our May '7 active listing inventory of 9,7 has reversed the upward trend, and actually decreased from prior months. Total May '7 closed sales units rose to,33, an increase over the prior month, although it is still 3.96% below the,56 reported for May '6. Days on market for May 7 was 6 days, the shortest time we've seen this year. Judy Lowe 7 MLS President The Tucson Multiple Listing Service, Inc. is a wholly owned subsidiary of the Tucson Association of REALTORS, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 6,7 professionals in the real estate industry, and is affiliated with the ational Association of REALTORS. REALTOR is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics. Page

7 RESIDETIAL SALES OVERVIEW Sales Snapshot Home Sales Volume Decreased.3% from $4,85,6 in May 6 to $368,43,994 in May 7. Graph on page 4. Home Sales Units Decreased 3.96% from,56 in May 6 to,33 in May 7. Graph on page 3. Average Sales Price (all residential types) Increased 4.% from $69,7 in May 6 to $8,589 in May 7. Graph on page 5. Median Sales Price Increased.% from $,5 in May 6 to $3,5 in May 7. Graph on page 8. Average Days on Market Increased % from 5 days in May 6 to 6 days in May 7. Graph on page. Pending Contracts (not yet closed in escrow) Decreased 4.% from,9 in May 6 to,9 in May 7. Graph on page 9. Sales Analysis Average Sales Price Increases After falling from January to February 7, average sales price has continued to climb, reaching $8,589 in May 7. For the second month in a row, average sales price has increased in year-over-year comparisons. The average sales price in May 6 was $69,7 - more than $, less than the average sales price in May 7. Active Listings Decrease From Last Month We have reversed an upward trend in active listings we ve seen since the beginning of the year. The total number of active listings has risen steadily since January, but in May 7 fell to 9,7. Active listings are up 5.4% compared to May 6. Days on Market Reach Their Lowest Point of the Year In good news for area sellers, the average time on market in May 7 reached 6 days, the shortest time we ve seen so far this year. Days on market reached a high of 68 in January 7 and has hovered in the mid-6s from February to April 7. Active Listings Increased 5.4% from 8,43 in May 6 to 9,7 in May 7. Graph on page. ew Listings Decreased 6.6% from 3,69 in May 6 to,96 in May 7. Graph on page. Please note: Data in this report is based in whole or in part on data supplied by the Tucson Association of REALTORS or its Multiple Listing Service. either the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS does not reflect all real estate activity in the market. Copyright 7 Tucson Association of REALTORS Multiple Listing Service, Inc. www.tarmls.com www.tucsonrealtors.org Page

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Total Unit Sales May 7,33 Units Unit Sales May 7 Breakdown by Type,,8,6,4,, 8 6 4 OV TH/CD 35 7.9% 9.69% 996 67 553 8 766 898 88 77 77 63 63 56 6 997 59 57 736 788 779 86 85 75 78 73 56 675 998 593 69 858 89 935,,6 839 83 78 77 844 999 635 73 964,67,5,3,98,57 884 88 793 796 3 4 66 85 698 759 743 845 86 899 99,4,6,,6,3 938,36 87 8 848,69,48,5,75,9, 857 9 77,4,63,99,6,66,63 94, 883,,49,336,99,3,87,93,73 965,346,55,533,78,53,468,74,95,9 74 774,,8,83 69 8.4% 5,86,343,55,489,679,858,584,795,44,368,9,4 6 944,58,5,466,56,54,7,38,77,95 98 98 7** 94 993,38,87,33 Total Unit Sales Annual Comparison Annual Comparison Breakdown by Type 6, 4,,,8,,6,,4 8,,, 6, 8 4, 6, 4 4 99,4 5,86,343 6 944,58,346,55,533,78,53,468,74,95,55,489,679,858,584,795,44,368,5,466,56,54,7,38,77,95 OV,9,8,9,4 98 98 5 5,745 6,37 YTD 7 4,736 Condos/TH,589,85,56 MFH 3 8 6 7 94 993,38,87,33 Page 3

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Total Sales Volume May 7 $368,43,994 $6 $5 Millions $4 $3 $ $ $ OV 996 $73,766,78 997 $7,339,65 998 $79,38,6 999 $9,858,39 $95,83,54 $7,94,9 $,4,3 $9,,6 $6,68, $74,77,3 $95,8,9 $98,4,5 $,6,6 $79,4, $8,37,7 $,36,9 $33,, $3,63,9 $43,97, $49,935,9 $7,3, $7,3,5 $68,95, $57,775,9 $8,8,3 3 4 $6,353, $6,7,5 $34,44,9 $67,3,9 $3,845,5 $39,37,5 $5,74,5 $9,399,4 $64,66, $67,34, $89,94, $79,56,8 $7,877,6 $95,97,9 $6,54,8 $3,86, $,46,8 $3,75, $4,63,7 $34,38,5 5 $49,6,4 $34,57,4 $363,59,8 $367,7,4 $434,584,7 6 $58,363, $9,894,8 $43,94,6 $46,93,4 $4,85,6 7** $56,449,64 $58,385,55 $358,8,937 $359,63,95 $368,43,994 $,37,7 $,395, $93,56,,74 $77,96,7 $8,54,7 $7,987, $96,47,,3 $,9,5 $5,588, $46,436,8 $,77, $,4, $96,838,9 $6,676,3 $5,75, $3,5,4 $8,74, $47,838,4 $6,6,4 $35,89,5 $9,665,7 $99,59,9 $84,89,9 $36,367,9 $96,799,4 $99,5, $89,735,3 $53,6,5 $54,99, $39,869,7 $9,975,4 $4,633,6 $365,563,4 $3,38,5 $3,96,7 $64,33,8 $497,4,4 $4,35,5 $477,375,7 $354,53,3 $47,, $335,85,8 $37,67,5 $73,3, $79,5,86 $7,659,87 $78,736,95 $,,6 $75,573,36 $9,43,9 $,985,3 $,5, $9,,,3 $5,79, $4,34, $9,865,,9 $3,679,8 $37,68, $,88,,4 $39,88,8 $,635,9 $7,954,,4 $85,339,7 $58,5,9 $87,36,,9 $8,53,5 $66,475, $89,933,,7 $73,555,5 $58,37,3 $73,53,,7 $355,66,5 $34,88,9 $33,3,,7 $9,4,7 $6,678, $56,38,, Annual Comparison Month by Type $55 $5 $45 $4 $35 TH/CD.9%.8% Millions $3 $5 $ $5 $ OV 5 6 7** $49,6,4 $58,363, $56,449,64 $34,57,4 $9,894,8 $58,385,55 $363,59,8 $43,94,6 $358,8,937 $367,7,4 $46,93,4 $359,63,95 $434,584,7 $4,85,6 $368,43,994 $497,,4,4 $47,,, $4,35,5 $335,85,8 $477,375,7 $37,67,5 $354,53,3 $73,3, $355,66,5 $9,4,7 $34,88,9 $6,678, $33,3,7 $56,38, 87.8% Page 4

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Sales Price May 7 $8,589 $3, $5, $, $5, $, $5, $ OV 996 $7,65 $3,95 $4,738 $9,77 $9,5 997 $35,59 $3,64 $9,37 $4,543 $3,46 998 $33,7577 $8,73 $37,888 $37,484 $4,355 999 $44,659 $4,7 $49,8 $4,5 $54, $44,76 $45,495 $5,985 $56,4 $59,99 $5,368 $49,994 $54,34 $64,5 $65,3 $56,489 $64,873 $6,596 $67,96 $78,47 3 $56,455 $67,676 $7,683 $8,357 $8,59 4 $79,96 $87,89 $7,47 $6,55 $5,76 5 6 $9,43 $73,69 $34,3 $74,948 $38,367 $8,439 $46,656 $77,76 $58,835 $69,7 7** $7,59 $6,7 $7,76 $78,99 $8,589 $35,637 $3,98 $8,76 $5,83 $3,665 $3,499 $8,59 $37,664 $5,87 $38,48 $34,359 $3,579 $59,77 $48,57 $44,47 $39,78 $64,64 $57,6 $54,499 $55,838 $6,69 $67,39 $67,779 $59, $69,59 $7,853 $78,49 $63,58 $95,688 $84,55 $78,69 $88,93 $,784 $,666 $5,4 $7,48 $57,55 $6,94 $65,947 $5,55 $73,7 $73,77 $68,48 $53,78 $5,38 $9,59 $3,8 $36,66 $34,7 $33,695 $3,75 $33,33 $4,33 $4,78 $44,53 $5,585 $5,89 $6,74 $6,333 $5,955 $56,64 $65,36 $66,8 $79,54 $83, $86,3 $7,53 $75,7 $,4 $3,596 $3,96 $59,698 $65,947 $66,73 $66,854 $67,493 $6,348 Averagee Sales Price by Type TH/C $ $5, $, $5, $,, $5, $3, $35, TH/C Avg SP $3,475 $86,936 Page 5 $,8

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S umber of Sold Listings per Area by # of Bedrooms Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms 44 4 6 5 5 E 6 6 3 66 W 8 37 88 7 33 XW 3 C 9 8 E 6 5 8 97 S 4 6 35 SE 8 8 4 34 SW 4 6 6 67 W 9 3 3 6 33 3 74 W 6 33 8 59 XW 7 TOTAL 38 63 336 36 33 umber of Sold Listings by Area Annual Comparison 5,, 4,,5 4,, 3,,5 3,,,,5,,,,5,, 5 E W XW C E S SE SW W W XW 5,443, 4,,337 6,788,63 898,9,474 76 546 963 5 6,46 857 3,,47,363,5,39,53,88 7 63,75 YTD 7 5 3,,457 7 937 4 437 569 345 49 3 38 4 Page 6

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Sold Price per Area by # of Bedrooms Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms $47,98 $494,5 $784,88 $,48,3 $493,858 E $67,33 $37,8 $455,394 $588,3333 $35,788 W $69,7 $39,839 $4,737 $48,6555 $34,8 XW $ $5,73 $35,,75 $5, $5,677 C $7,79 $33,56 $344,875 $ $,9 E $56,8 $,66 $3,94 $494,5 $3,479 S $3, $75,97 $6,3 $3, $83,7 SE $53,63 $,595 $9,465 $37, $4,84 SW $4,3 $7,69 $96,469 $48, $79,84 W $68,69 $76,578 $64,67 $ $7,87 $8,636 $57,34 $99,43 $48,5888 $6,336 W $5,6 $3,97 $369,445 $,45,56 $68,954 XW $5,75 $37,643 $87,5 $ $67,455 TOTAL $,844 $58,8 $364,36 $68,7 $8,589 Averagee Sale Price per Area $45, $4, $35, $3, $5, $, $5, $, $5, $ E W XW C E S SE SW W W XW Page 7

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Median Sale Price May 7 $3,5 $5, $, $5, $, $5, $ OV 997 $7, 998 $8, 999 $3, $9,9 $9, $5,73 3 $3,37 4 $48, 5 $75,95 6 $5,875 7** $,365 $, $,5 $4, $5, $3,9 $, $, $,9 $9,5 $5,5 $5, $, $, $7, $8,9 $, $6, $4,7 $9,5 $7,5 $8,9 $7,678 $3,895 $39,5 $39, $37,5 $44, $45, $48,75 $56,5 $59, $6, $85, $9, $96, $6, $7, $8, $9,5 $,5 $, $, $4,94 $3,5 $7, $8, $3, $9, $, $,9 $5, $7,9 $6, $, $8, $9,5 $, $,965 $7, $9,9 $4,95 $4, $, $4, $7,5 $4, $, $,94 $,5 $9,9 $4,5 $,5 $9, $9, $9,9 $4,8 $3,5 $9, $5, $37,9 $38, $4, $3,85 $36, $4, $38, $5, $47, $47,5 $46, $5, $4, $45, $67,733 $65,3 $67, $68,5 $6,5 $75, $69, $9,5 $, $9, $9, $4, $6, $, $5, $5, $,9 $, $,5 $8, $5, Median Sale Price by Type $3,.8% $35, 45.4% TH/C $7, 3.8% TH/C Page 8

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Terms of Sale May 7 CTL.% COCB CASH 5 49.4%.3% OTHER 3.% EXCHAGE 3.% FHA 36.7% VA 4 3.% ARM.% COV 73 8.7% Total Listings Under Contract* Reported May 7**,9 Listings 3,,5,,5, 5 OV 996 89 948,38,5 98 84 847 68 64 67 538 477 997 699 766 9 85 87 859 856 775 765 69 7 63 998 88 887,,76 99 95 946 898 885 964 85 65 9999 86 96,5,48,45,8,88 957 954 859 93 64 689,3,6,39 973 954 969 896 83 846 84 649 887,89,85,68,46,7,3,48 9, 9 84,8,54,45,555,47,345,335,335,4,43,5,7 3,39,4,7,79,7,684,6,55,36,44,33,4 4,47,676,64,766,44,978,96,7,65,74,593,8 5,59,88,88,85,39,57,8,96,877,766,58,36 6,67,796,5,98,9,7,89 893 747 78 89 678 7 863,94,9,7,9 Page 9

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Active Listings May 7 9,7**,, 8, 6, 4,, OV 996 4,5 4,33 4,344 4,359 4,4 4,53 4,58 4,74 4,73 4,,76 4,543 4,59 997 4,559 4,85 4,79 4,63 4,55 4,387 4,38 4,468 4,66 4,,776 4,674 4,657 998 4,77 4,74 4,739 4,569 4,54 4,363 4,4 4,446 4,579 4,,683 4,576 4,57 999 4,63 4,59 4,44 4,86 3,98 3,854 3,784 3,8 3,94 4,, 3,888 3,777 4,6 3,98 3,938 3,9 3,848 3,876 3,98 4, 4,9 4,,546 4,48 4,4 4,76 4,78 4,69 4,478 4,55 4,79 4, 4,8 4,448 4,,64 4,58 4,597 4,859 4,456 4,953 4,868 4,747 4,77 4,778 4,837 4,968 5,,3 5,67 4,86 3 5,7 5, 5,64 5,4 4,754 4,68 4,64 4,59 4,799 4,,8 4,694 4,639 4 4,856 4,75 4,668 4,55 4,37 4,3 3,96 3,97 3,976 3,,838 3,633 3,383 5 3,47 3,6 3,493 3,64 3,88 3,969 4,6 4,45 4,84 5,,33 5,554 5,457 6 6,499 7,74 7,577 8,3 8,43 8,75 8,955 9,4 9,97 9,,336 9,38 8,58 7 9,74 9,847,85,387 9,7 Active Listing Price Breakdown 5,,5,,5 TH/C 47 4.57% TH/C 94.97% 83 84.46% 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, and over 6 5 59 5 4 7 343 433 94 33 654 846 74 88,355,534,9 8 E W XE 46 67 8 XW C E S 3 349 553 56 Page SE SW W 89 736 35 W XW 695 533 69

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Days on Market May 7 6 Days 9 8 7 6 5 4 3 OV 996 6 6 57 54 54 55 56 67 67 66 77 8 997 86 86 79 8 77 8 75 7 76 78 76 8 998 86 79 7 7 66 7 69 67 7 7 64 73 999 74 75 66 64 6 6 6 6 58 56 59 6 65 64 59 57 5 49 53 5 5 53 5 56 6 6 55 55 49 49 47 46 5 47 48 56 6 6 53 5 49 47 5 5 5 5 5 56 3 59 55 57 53 5 53 5 5 5 56 53 5 4 56 6 6 64 5 47 43 4 39 4 43 4 5 45 39 37 35 3 8 6 6 3 3 34 39 6 44 45 45 45 5 46 49 53 5 57 6 64 7** 68 63 64 65 6 Averagee Days on Market Breakdown 7 6 5 5 5 6 9 Days 8 9.% 8 Days 7 8.9% 8 + Days 53 4.% 3 Days 48 36.7% 4 3 3 4 Average DOM 5 6 7 6 9 Days 7 6.5% 3 6 Days 36 4.8% E W XW C E S SE SW W W XW 65 55 67 59 5 5 53 Page 64 64 89 85 54 5

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S ew Listings May 7,96 Listings** * 4, 3,5 3,,5,,5, 5 OV 996,63,46,56,447,57,34,58,6,,377,5 786 997,553,87,54,34,58,45,37,75,49,334,57 98 998,7,44,588,46,43,3,43,4,476,544,97 947 999,77,487,76,456,4,476,388,49,44,33,65 89,376,4,57,38,395,39,88,457,45,54,358 89,844,5,7,59,5,585,6,67,574,777,35,5,4,695,897,95,755,74,78,76,85,95,549,9 3,6,88,977,877,746,8,889,798,799,9,58,3 4,4,83,4,94,86,898,896,789,85,75,539,7 5,947,574,5,,,93,3,35,44,474,33,638 6 3,9,973 3,5,89 3,69 3,3,867 3,45,97,886,38,79 7 3,499,376,7 3,85,96 E W XE XW C E S SE SW W W XW 43 39 79 7 3 46 86 67 38 99 7 94 77 9 ew Construction* Sold Information May 7 56 Units Month Totals 3 Totals 4 Totals 5 Totals 6 Totals 7-Jan 7-Feb 7-Mar 7-Apr 7-May Units Sold 79 478 583 58 73 48 44 89 5 56 Sold Volume $6,84,5 $8,7, $38,98,8 $83,798,84 $3,97,949 $3,75,3 $,75,68 $5,44,74 $3,3,749 $6,38,34 Average Price $5,93 $6,3 $58,39 $36,894 $34,6 $86,465 $66,38 $85,868 $78,467 $9,398 Median Price $58,87 $73,85 $9,7 $33,7 $4, $3,95 $35,343 $33, $, $47,378 Page

7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Sale Price by Bedroom to Bedrooms 3 Bedrooms 5 45 4 35 3 9 47 47 39 4 7 7 8 6 4 87 5 5 5 8 6 65 78 77 68 5 5 5 4 6 4 5 34 5 7 3 6 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 999 4, 499,999 5, 749,999 75, 999,999,, over 9,999 999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, over 4 or More Bedrooms Total Bedrooms 9 8 83 73 35 3 3 7 5 6 54 5 4 35 47 5 3 38 68 58 3 5 6 6 6 5 3 3 4 3 4 36 6 87 75 69 5 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, over Page 3 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 999 4, 499,999 5, 749,999 75, 999,999,, over