Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
This was another month of decreases in most of the statistics. For me, it is still a down trend that we have had since possibly September. The only figure that really might help next month, is the Listings under Contract that had a nice jump. If this could continue we might see better statistics.
| Aug 2013 | Sep 2013 | Oct 2013 | Nov 2013 | Dec 2013 | Jan 2014 |
|
|---|---|---|---|---|---|---|
Average Sales Price | $191,283 | $189,042 | $192,433 | $191,763 | $202,342 | $197,262 |
Median Sales Price | $160,500 | $155,399 | $155,900 | $159,500 | $157,900 | $157,250 |
Total Units Sold* | 1205 | 1051 | 1130 | 933 | 1038 | 854 |
Active Listings | 4249 | 4717 | 5173 | 5286 | 5150 | 5477 |
Days On Market | 48 | 47 | 50 | 51 | 54 | 59 |
Listings Under Contract** | 2064 | 1868 | 1771 | 1724 | 1506 | 1804 |
Sales Over $500,000 | 41 | 37 | 47 | 30 | 57 | 40 |
| The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statisical blog post after we receive the updated information. For this reason you will find inconsistencies if you compare the data on multiple tables. * Closed during the month. ** For the current month (not the total listing under contract) |
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I am noticing much more activity in the homes priced in the $90,000-$125,000 range. These are the ones going under contract for the bulk of the contracts. Rates are below 4.5% but should start back up before too long.
Lets see what February brings.
I am still worried about our Economy and Jobs. We are still getting nowhere for the past 4 years and I feel it will be another 2 years before we get out of this.
Call me if you need help buying or selling Tucson real estate, or if you need Property Management. We are very experienced in both areas and love to help. Call me on my cell at 520-240-7130
Feb 18, 2014 No comments yet Share