The Housing Report

Powered by Long Realty Research Center

Tucson Main Market | January 2011

As of December 2010 active inventory was 7,650, a 21% increase from December 2009. There were 928 closings in
December 2010, 9% above December 2009. Months of Inventory was 8.2, up from 7.4 in December 2009. Median price of
sold homes was $139,700 for the month of December 2010, down 10% from December 2009. The Tucson Market had 942
new properties under contract in December 2010, up 22% from December 2009.

Months of Inventory, Active Listings and Closings

9000 Active Listings Closings Months of Inventory 16.0

8000 14.0
Active Listings/Closings

7000
12.0

Months of Inventory
6000
10.0
5000
8.0
4000
6.0
3000

4.0
2000

1000 2.0

0 0.0
Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10 10 10 10

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 1/5/2011. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect
the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to
show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Median and Average Price (Closed Sales)

250000 Average Price Median Price

200000

150000
Pricing

100000

50000

0
Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10 10 10 10

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 1/5/2011. Information is believed to be reliable, but not guaranteed.

Sherie Broekema
Foothills
4051 E Sunrise Dr, Ste 101
Tucson, Arizona 85718
(520) 918-5462
SherieB@TucsonHomes.com
http://SherieB.LongRealty.com
The Housing Report
Powered by Long Realty Research Center

Tucson Main Market | January 2011

New Properties Under Contract

2000
This graph depicts the new properties that have gone under contract in the given month.

1800
Number of New Properties Under Contract

1600

1400

1200

1000

800

600

400

200

0
Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10 10 10 10

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 1/5/2011. Information is believed to be reliable, but not guaranteed.

Market Share
35.0%

30.9%
30.0%

25.0%
Percentage

20.0%

15.0%

10.8%
10.0%
7.5%
5.5%
5.0%
1.9% 1.9%

0.0%

Long Realty Tierra Antigua Realty Coldwell Banker Keller Williams Realty Executives Century 21
Residential Brokerage Sourthern AZ 1st American
Company
Data Obtained 1/5/2011 from TARMLS using BrokerMetrics software for all closed residential sales volume between 1/1/2010 - 12/31/2010 rounded to the nearest tenth on one percent and deemed to be correct.

Sherie Broekema
Foothills
4051 E Sunrise Dr, Ste 101
Tucson, Arizona 85718
(520) 918-5462
SherieB@TucsonHomes.com
http://SherieB.LongRealty.com
 The Housing Report
Powered by Long Realty Research Center

Tucson Main Market | January 2011

Price Banded Market Report

Residential Homes

Months
Homes on the Market Homes Sold/Closed of Inventory
Price Band
Dec-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10

$1 - 49,999 287 73 72 73 68 81 80 3.6

$50,000 - 74,999 495 62 72 73 58 68 71 7.0

$75,000 - 99,999 828 74 81 93 85 89 109 7.6

$100,000 - 124,999 827 89 98 130 123 98 131 6.3

$125,000 - 149,999 863 106 124 101 95 123 109 7.9

$150,000 - 174,999 636 86 106 116 96 69 87 7.3

$175,000 - 199,999 680 63 74 66 56 60 62 11.0

$200,000 - 224,999 358 43 51 48 41 47 52 6.9

$225,000 - 249,999 412 43 46 38 44 39 39 10.6

$250,000 - 274,999 247 34 43 40 26 25 37 6.7

$275,000 - 299,999 264 25 28 24 31 25 26 10.2

$300,000 - 349,999 322 27 32 39 23 25 24 13.4

$350,000 - 399,999 308 31 35 25 16 20 22 14.0

$400,000 - 499,999 348 32 21 21 20 22 28 12.4

$500,000 - 749,999 403 26 22 24 16 28 30 13.4

$750,000 - 999,999 145 9 6 6 3 6 13 11.2

$1,000,000 - and over 191 3 5 4 3 6 4 47.8

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 1/5/2011. Information is believed to be reliable, but not guaranteed. Months of Inventory (MOI) reflect
the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark
to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Real estate is in fact very localized. Market conditions can vary greatly by not only geographic area but also by price range, as
demonstrated in the above Long Realty Research Center chart. Find the price range of interest to you to track relevant market
conditions, and contact me for a more in-depth analysis.

Sherie Broekema
Foothills
4051 E Sunrise Dr, Ste 101
Tucson, Arizona 85718
(520) 918-5462
SherieB@TucsonHomes.com
http://SherieB.LongRealty.com
 The Housing Report
Powered by Long Realty Research Center

Tucson Main Market | January 2011

Months of Inventory by Zip Code

85739 | 13.7 Months

85658 | 11.4 Months 85755 | 9.6 Months

85653 | 7.7 Months 85737 | 10.7 Months

85742 | 6.5 Months

85750 | 8.6 Months

85704 | 6.8 Months

85741 | 6.4 Months

85743 | 8.8 Months 85718 | 9.4 Months 85749 | 14.1 Months

85705 | 7.9 Months 85712 | 7.7 Months

85745 | 8.1 Months 85719 | 8.3 Months 85716 | 7.8 Months 85715 | 6.9 Months

85748 | 12.4 Months

85701 | n/a Months
85710 | 7.3 Months
85711 | 10.1 Months
85735 | 19.0 Months
85713 | 12.2 Months
85730 | 8.2 Months

85714 | 5.0 Months

85757 | 4.6 Months 85747 | 5.3 Months

85756 | 5.6 Months

85746 | 6.4 Months 85706 | 6.5 Months

85614 | 12.7 Months 85622 | 23.3 Months 85629 | 6.5 Months 85641 | 7.4 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 1/5/2011. Information is believed to be reliable, but not guaranteed. Months of
Inventory (MOI) reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent
benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As
a rule of thumb, a market is considered “balanced” when Months of Inventory is around 6. As you can see by this Long Realty
Research Center map, market conditions can vary significantly by area. Contact me to get Months of Inventory information for
your specific neighborhood.
Sherie Broekema
Foothills
4051 E Sunrise Dr, Ste 101
Tucson, Arizona 85718
(520) 918-5462
SherieB@TucsonHomes.com
http://SherieB.LongRealty.com