Sun, Jul 05, 2009

Business

Tucson median home price slid to lowest since 2005

By Christie Smythe
ARizona Daily Star
Tucson, Arizona | Published: 05.12.2008
Tucson's median home price in April hit its lowest point since 2005, according to statistics released today by the Tucson Association of Realtors.
April's median, or middle, price dropped to $195,000, down 2.5 percent from March and down 13.3 percent from April 2007, the report said. The average price of $253,729 also decreased about 2 percent from last month and 8.9 percent from last year, according to the report.
The number of homes sold rose 8.1 percent from March, but dropped 26.2 percent from April 2007.
Active listings continued a slow decline to 8,808, down about 2.4 percent from last month and 15.2 percent from last year.
April's median price was the lowest since March 2005, when it was $190,000.