Ability Realty

Once again I am way behind in my blog so I will update the statistics to June 2007. In May our Multiple Listing Service changed their statistics and will now be reporting for only the Tucson metropolitan area and not the outlying areas such as Benson, Oracle, etc… See the footnotes below the graph for some further explanation.The statistics will vary as in most cases those areas no longer included, have a lower real estate value and longer days on market. Start watching from May on as these will be better statistics for Tucson Metro. Days on market are still up and keep in mind as a listing expires, and is re-listed, it starts over, so our average will stay in the 65 day area. If you added in the days that combined before a property actually sold, it would be up closer to 100 days or better in today’s market. Showings are way down!!! Interest rates are about 6.75% right now. Still good if you remember the 9%+ days!!!!

* The May & June data only includes the Tucson Metro area. It does not include other counties. See the Tucson Area map that includes all the extended areas such as XNW (Marana area)

** Some numbers differ from my last update due to the way it was updated the next reporting month. This will now remain the same data but reported in the month is was actually reported.

*** This number would be higher than the April number, but it now just reflects the Tucson Metro area.