Tucson MLS Statistics February 2011

What a difference a month makes. Everything went in the correct direction and I am praying that it starts a trend. I am seeing it in the properties I am showing and the properties that are going under contract during March. I have been very busy, which is great, but tiring.

Interest rates have gone back down below 5% which is also good, but I would not count on it staying there. Markets will be in a turmoil because of happenings in Japan and Lybia. Gas prices are up for what reason I do not understand except, it again is the speculators driving the prices up.

I am short on time so I will give you the new table and try to write another blog next week if time permits.

Average Sales Price
$181,612 $177,133 $180,736 $186,399 $166,998 $182,388
Median Sales Price
$145,855 $140,000 $139,900 $139,500 $134,250 $137,000
Total Units Sold*
873 752 800 907 780 879
Active Listings
7217 7412 7455 6859 7147 6947
Days On Market
93 97 96 106 108 107
Listings Under Contract**
1515 1899 1900 1760 2013 2272

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)

If I can help you Buy or Sell call me. I can do Short Sales, sell you a HUD Foreclosed home or just a regular Foreclosure (REO). Call me at 520-240-7130.

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