Ability Realty

If you look at the stats the big thing that I see was the drop in the Median Sales price. Everything else is just an improvement over the February Statistics. Inventory fell by 100, Units Sold increased by 233, and listings under contract increased by 184. I am feeling much better about the Tucson market. We should see sales start to increase over the next months and I expect that prices of homes will start back up slowly. We still have a larger number of Foreclosures starting to hit the market because of the delays in actual foreclosures at the beginning of the year and this could slow the price increases another couple of months. But over all I think for Tucson we are very close to the bottom of the housing cycle.

* Closed during the month
** For the current month (not the total listing under contract)