Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
It looks like we are slowing down for sure. Now that I have seen this month I have this feeling that we are just going to coast for a while. I think once the election is over we have a chance for some good changes if the GOP gets the Senate back. You will still see Obama Vetoing things, but it will not get any better for him or his party if he continues to delay or stop things that will help the citizens of this country. If you have any doubts look at the Keystone pipeline and the delay that he has caused, all because of political reasons. You are paying more for gas than you should, and just having the supply of oil to process, would surely bring the price down some.
| Feb 2014 | Mar 2014 | Apr 2014 | May 2014 | Jun 2014 | Jul 2014 |
|
|---|---|---|---|---|---|---|
Average Sales Price | $196,581 | $200,479 | $197,066 | $204,561 | $211,600 | $205,259 |
Median Sales Price | $158,000 | $162,000 | $164,900 | $167,000 | $168,815 | $170,000 |
Total Units Sold* | 961 | 1131 | 1301 | 1215 | 1297 | 1176 |
Active Listings | 5721 | 5705 | 5466 | 5394 | 5284 | 5149 |
Days On Market | 63 | 62 | 65 | 64 | 62 | 60 |
Listings Under Contract** | 1961 | 2173 | 2127 | 2068 | 1949 | 1830 |
Sales Over $500,000 | 63 | 47 | 50 | 49 | 56 | 50 |
| 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) |
||||||
Check out the Listings under contract numbers along with the Solds and you will see the slow down. Some people will see their FICO scores go up in a couple of months. It will be mostly those with medical issues and some with Short Sale or Foreclosure issues. Those that already were in the 700+ range will probably not see much change. More is better.
Make sure you Vote this Primary and definitely vote in November. We have been pushed down for the past 5 years and we need a change to counter that.
Call me at 520-296-7143 for information about Tucson real estate and home purchasing and don’t forget we have a Property Management Department that is run by my son David, who is also an Associate Broker.
Aug 12, 2014 No comments yet Share