November 25, 2024 2:16 am
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Tucson realtors release scorecard, market trends

tucsonBy ADI News Services

Data. Gains and losses. Market trends. That is the purpose of The TAR Scorecard, a new monthly publication by the Tucson Association of REALTORS® (TAR). The TAR Scorecard gathers data from different independent sources in an effort to outline a broader perspective of the region’s overall real estate and housing market.

“As a comprehensive overview, Scorecard looks beyond the routine TAR Multiple Listing Service report. Using mostly raw data, the objective is to identify emerging trends in various sub-sectors,” said TAR CEO Philip Tedesco, RCE, CAE. “In a way, it is an early warning sign of significant changes coming in the market.”

Scorecard collects data on various components such as home sales, prices, listings, foreclosures, land sales, mortgage rates, new construction and unemployment, with a sprinkling of statistics mixed in from the commercial real estate sector.

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