Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
I was not far off in my projections as you can see by the new June numbers. The Active inventory has come down by almost 400 homes which is a great thing. We did have a few more sales that I did not think would happen so that is great. The listings under contract came down by over 500 and this I am certain will bring down the number of Sold properties for July.
| January 2008 |
February 2008 |
March 2008 |
April 2008 |
May 2008 |
June 2008 |
|
|---|---|---|---|---|---|---|
| Average Sales Price |
$266,450
|
$262,155
|
$259,120
|
$253,729
|
$250,803
|
$257,449
|
| Median Sales Price |
$203,500
|
$199,900
|
$200,000
|
$195,000
|
$201,000
|
$200,000
|
| Total Units Sold |
594
|
710
|
900
|
973
|
1025
|
1034
|
| Active Listings |
9168
|
9168
|
9022
|
8808
|
8527
|
8140
|
| Days On Market |
83
|
81
|
75
|
78
|
77
|
78
|
| Listings Under Contract |
1079
|
1317
|
1410
|
1547
|
1485
|
951
|
The House and the Senate are in the process of working out the Short Sale type FHA package. It still could get Vetoed by the President if some of the things the Senate added are not compromised on. We really need this Bill passed.
A major bank was taken over by the Federal Reserve and Fannie Mae and Freddie Mac are getting Federal Assistance that will require Congressional Approval. I hope they will finally act for our best interest and not their political interest.
Slow down and save Gas!! Call me at 240-7130 if I can help you.
Jul 14, 2008 No comments yet Share