Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
How fast the month went by. Well my numbers guess wasn’t that far off. Average and Median Sales price both went down. Solds did go up, as well as, a much larger jump in the Listings Under Contract. Maybe the jump in solds has started a month earlier than I felt. I am still sensing a small slow down this last month so don’t be surprised if the Listings Under Contract goes down a little.
Sept. 2007 |
October 2007 |
November 2007 |
December 2007 |
January 2008 |
February 2008 |
|
---|---|---|---|---|---|---|
Average Sales Price |
$279,025
|
$262,251
|
$269,968
|
$260,196
|
$266,450
|
$262,155
|
Median Sales Price |
$215,000
|
$210,000
|
$213,000
|
$210,000
|
$203,500
|
$199,900
|
Total Units Sold |
683
|
790
|
759
|
682
|
594
|
710
|
Active Listings |
9190
|
9313
|
9234
|
8708
|
9168
|
9168
|
Days On Market |
73
|
70
|
72
|
76
|
83
|
81
|
Listings Under Contract |
989
|
993
|
910
|
799
|
1079
|
1317
|
Active Listings stay at the same number and I called MLS and they said the number did stay the same. What is the chances of that ever happening again?
The Federal Reserve meets later this month. I expect a 1/2% or possibly a 3/4% drop in both rates. Again it will help the mortgage rates just a little. It helps more in the credit lines such as credit cards and possibly car loans. It does not help savings rates but still save what you can.
Make sure you file your taxes by the 15th of April so you get the Stimulus Check in May. Any one on Social Security or low income tax status WHO DO NOT normally file must file to get their $300 check per person. Go to IRS.Gov and find the free place to file. It is short and sweet. I just did it for my blind friend. I used “File Your Taxes.Com” from the IRS site.
GAS is really up. Slow down and save gas. 65 MPH is not that bad on the freeway right now. If you see a white Pontiac Grand Prix doing that speed headed towards Vail that is me saving money.
I just helped two clients save a lot of money by buying a Short Sale and a new Foreclosure that we were waiting for it to come on the market again. I can help you buy one also. It takes a little longer but it is usually worth it.
Call me on my cell 520-240-7130
Mar 11, 2008 No comments yet Share