Jack & Margaret Tyrrell, owners of TYCOR Realty in Oro Valley, Arizona, produce a quarterly report on the state of real estate that’s always chock full of quality data. While the report is very local in focus, its the TRENDS that always make this important. Here are a few I’ve pulled to highlight:
“Overall inventory of unsold homes at year’s end sits just below eight (8) months, which is a notable improvement…”
“…internals… continue to show a continuing weakness in the mid and upper home price segments.”
“…both Average and Median Sales Prices have been in substantial retreat for the last 3 years but have staged a recovery in the final half of 2009″.
Call Todd Abelson and Tyler Ford at Sunstreet Mortgage in Tucson Arizona for all your mortgage needs!
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