With the statistics that I am reporting, I am still very optimistic about the real estate market in Tucson. The most important thing you should look at is the interest rates. They are still very low and there are many programs that your lender can show you. I would stay away from adjustable rate mortgages [...]

What Happened? Median sales price increased from $215,875 in 01/2006 to $227,000 in 02/2006. The average sale price was $273,690 in 01/2006 and increased to $274,948 in 02/2006. Fewer homes over $500,000 sold while only 11 homes sold for over $1,000,000. This fact probably caused the median price to increase while the average sales price [...]