Arizona: Slight Improvement in Housing Market

Arizona Daily Star says the median rice of homes in Tucson rose 11 percent from last June to $140,000, but was unchanged from May, according to the Tuscon Association of Realtors Multiple Listing Service. The number of days a house is on the market fell to 68 in June from 108 days in January 2011. For June 2012 65 percent of the homes remained listed for less than 60 days. Listings fell from June 2011 to this June by 38 percent. The realtors report noted homes under contract increased by more than 23 percent from a year ago, but dropped seven percent from May. As reported Sept. 16, 2011, Arizona was one of the states hit hardest by the housing downturn, ranking third in the nation for foreclosures in August of 2011.

(Photo credit: Trulia)

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