Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
I see a drop off in a few of the indicators that I watch. I do not think it is much to worry about but it does show a back off or is the Election coming up. Any way we will have to all make adjustments in our lives following the election. I am more worried about the next four years than I am Tucson Real Estate. Our city will get by but our country may take another hit in our Economy if we start spending and not creating businesses. It is the Businesses that hire not the government. There are so many things wrong with our current Government including the House and the Senate that we will all continue to pay for their mistakes and they have made some bad ones.
Look over the numbers and you will see we are OK but just not jumping ahead in some of the numbers. As Prices go up it lets more real sellers put their homes on the market and it will take a couple of years to get a large number of sellers on the market.
| Apr. 2012 | May 2012 | Jun. 2012 | Jul. 2012 | Aug. 2012 | Sep. 2012 |
|
|---|---|---|---|---|---|---|
Average Sales Price | $175,766 | $173,987 | $174,793 | $181,878 | $180,193 | $182,041 |
Median Sales Price | $134,000 | $140,000 | $140,000 | $140,000 | $145,000 | $144,950 |
Total Units Sold* | 1276 | 1318 | 1269 | 1137 | 1179 | 938 |
Active Listings | 3770 | 3544 | 3474 | 3477 | 3564 | 3845 |
Days On Market | 74 | 67 | 68 | 67 | 65 | 45 |
Listings Under Contract** | 3319 | 2864 | 2666 | 2595 | 2525 | 2409 |
Sales Over $500,000 | 55 | 36 | 41 | 43 | 38 | 28 |
| 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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Please Vote and pick the person that will do the best job for Americans not their party. We are getting more divided as time goes by but I put this on the Leaders of the parties. I am ready for real Change not just words that we got 4 years ago!!
See you next month just after the Election. I will give you my feelings of where I think we will be headed at that time. You may not like what I say, but I try to always say the truth and call it like I see it.
Oct 29, 2012 No comments yet Share