As of December 2009 active inventory was 6,327, an 18% decrease from December 2008. There were 850 closings in December 2009, an increase of 15% from December 2008. Months of Inventory was 7.4, down from 10.5 in December 2008.

Median price of sold homes was $155,000 for the month of December 2009, down 8% from December 2008.

Tucson is experiencing a significant increase in buyer activity, with new properties under contract up 83% from December 2008.

Get the complete January 2010 Housing Report for Tucson