Ability Realty

The November Statistics came out within the week of my last posting.  I had a bad feeling for the last 4 months or so,and this  I hope really finishes the downward movement for the Tucson Market. I have to go back 8 months to find anything close to these numbers. Not good, but I know it will get better, but it is now when?  I would not count on December getting any better because of the Holidays. I am hoping to see a small rebound by February as I expect to see a more active Congress starting in January.

	Jun 2014	Jul 2014	Aug 2014	Sep 2014	Oct 2014	Nov 2014
Average Sales Price	$211,600	$205,259	$205,084	$201,530	$210,454	$206,822
Median Sales Price	$168,815	$170,000	$163,000	$165,000	$166,500	$165,000
Total Units Sold*	1297	1176	1158	1038	1060	917
Active Listings	5284	5149	5155	5437	5649	5820
Days On Market	62	60	65	59	64	58
Listings Under Contract**	1949	1830	1655	1683	1698	1465
Sales Over $500,000	56	50	44	42	47	39
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)

It looks like we may get approval on extending the relief of selling a home by short sale and I assume by foreclosure. It went to the Senate as a House Bill. If it get through Congress It will just take the President to sign the bill. He probably will sign this, but not some of the other more important economic bills that will be heading in his direction. Who is he working for? It surely is not us common citizens. 

As a buyer you will find more selection of homes out there and interest rates that are still at a very low number for now. Do not expect these low rates beyond the next 6-9 months. Start looking now if you really plan to buy. I can be reached at 296-7143.