520-296-7143
June 2008 Statistics

I was not far off in my projections as you can see by the new June numbers. The Active inventory has come down by almost 400 homes which is a great thing. We did have a few more sales that I did not think would happen so that is great. The listings under contract came down by over 500 and this I am certain will bring down the number of Sold properties for July.

January
2008
February
2008
March
2008
April
2008
May
2008
June
2008
Average Sales Price
$266,450
$262,155
$259,120
$253,729
$250,803
$257,449
Median Sales Price
$203,500
$199,900
$200,000
$195,000
$201,000
$200,000
Total Units Sold
594
710
900
973
1025
1034
Active Listings
9168
9168
9022
8808
8527
8140
Days On Market
83
81
75
78
77
78
Listings Under Contract
1079
1317
1410
1547
1485
951

The House and the Senate are in the process of working out the Short Sale type FHA package. It still could get Vetoed by the President if some of the things the Senate added are not compromised on. We really need this Bill passed.

A major bank was taken over by the Federal Reserve and Fannie Mae and Freddie Mac are getting Federal Assistance that will require Congressional Approval. I hope they will finally act for our best interest and not their political interest.

Slow down and save Gas!! Call me at 240-7130 if I can help you.


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  • Ability Realty, Real Estate, Tucson, AZ
  • housing
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Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
520-296-7143