The Housing Report

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Tucson Main Market | October 2010

As of September 2010 active inventory was 7,355, a 20% increase from September 2009. There were 875 closings in
September 2010, 6% below September 2009. Months of Inventory was 8.4, up from 6.6 in September 2009. Median price of
sold homes was $146,000 for the month of September 2010, down 11% from September 2009. The Tucson Market had
1,407 new properties under contract in September 2010, up 27% from September 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
Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep-
08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 10/5/10. 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
Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep-
08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10 10 10 10 10

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 10/5/10. 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
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Tucson Main Market | October 2010

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

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 10/5/10. Information is believed to be reliable, but not guaranteed.

Market Share
35.0%

31.2%
30.0%

25.0%
Percentage

20.0%

15.0%

10.5%
10.0%
7.3%

5.0% 3.9% 3.7%

1.9%

0.0%

Long Realty Tierra Antigua Realty Coldwell Banker Realty Executives Keller Williams Century 21
Residential Brokerage Southern AZ Southern AZ 1st American
Company
Data Obtained 10/5/10 from TARMLS using BrokerMetrics software for all closed residential sales volume between 10/1/2009 - 9/30/2010 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
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Tucson Main Market | October 2010

Price Banded Market Report

Residential Homes

Months
Homes on the Market Homes Sold/Closed of Inventory
Price Band
Sep-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10

$1 - 49,999 216 49 61 66 73 72 71 3.0

$50,000 - 74,999 389 82 82 72 62 72 71 5.5

$75,000 - 99,999 684 95 121 131 74 81 89 7.7

$100,000 - 124,999 673 164 171 155 89 98 121 5.6

$125,000 - 149,999 881 166 193 183 106 123 97 9.1

$150,000 - 174,999 690 166 166 138 86 106 102 6.8

$175,000 - 199,999 686 119 111 98 63 74 64 10.7

$200,000 - 224,999 346 101 79 71 43 51 48 7.2

$225,000 - 249,999 455 71 54 65 43 45 36 12.6

$250,000 - 274,999 277 52 41 52 34 43 37 7.5

$275,000 - 299,999 282 43 38 28 25 27 21 13.4

$300,000 - 349,999 325 30 60 42 27 32 38 8.6

$350,000 - 399,999 271 47 29 36 31 34 22 12.3

$400,000 - 499,999 361 40 34 32 32 21 21 17.2

$500,000 - 749,999 381 34 26 37 26 22 23 16.6

$750,000 - 999,999 176 7 9 6 9 5 6 29.3

$1,000,000 - and over 225 11 6 7 3 5 4 56.3

These statistics are based on information obtained from the TARMLS using Brokermetrics software on 10/5/10. 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
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Tucson Main Market | October 2010

Months of Inventory by Zip Code

85739 | 13.3 Months

85658 | 12.1 Months 85755 | 12.0 Months

85653 | 11.8 Months 85737 | 9.8 Months

85742 | 7.1 Months

85750 | 10.1 Months

85704 | 12.2 Months

85741 | 5.3 Months

85743 | 7.6 Months 85718 | 10.6 Months 85749 | 8.8 Months

85705 | 8.1 Months 85712 | 9.1 Months

85745 | 7.7 Months 85719 | 9.2 Months 85716 | 7.7 Months 85715 | 13.2 Months

85748 | 6.5 Months

85701 | 16.0 Months
85710 | 8.7 Months
85711 | 10.0 Months
85735 | 12.6 Months
85713 | 7.1 Months
85730 | 5.4 Months

85714 | 4.0 Months

85757 | 10.5 Months 85747 | 8.2 Months

85756 | 4.4 Months

85746 | 5.1 Months 85706 | 4.5 Months

85614 | 20.0 Months 85622 | 18.4 Months 85629 | 7.9 Months 85641 | 8.9 Months

These statistics are based on information obtained from the TARMLS using Brokermetrics software and from the GV/SAH MLS on 10/5/10. Information is believed to be reliable, but not guaranteed. Months of Inven-
tory (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