Ability Realty

The month of March looks so much better and getting back to where we were in October of 2013. A very large jump in Listings under Contract and Total Units Sold.

	Oct 2013	Nov 2013	Dec 2013	Jan 2014	Feb 2014	Mar 2014
Average Sales Price	$192,433	$191,763	$202,342	$197,262	$196,581	$200,479
Median Sales Price	$155,900	$159,500	$157,900	$157,250	$158,000	$162,000
Total Units Sold*	1130	933	1038	854	961	1131
Active Listings	5173	5286	5150	5477	5721	5705
Days On Market	50	51	54	59	63	62
Listings Under Contract**	1771	1724	1506	1804	1961	2173
Sales Over $500,000	47	30	57	40	63	47
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)

I have a feeling that we may start to see better Sales, which may be because the Economy is finally getting a foothold, and we should see much better results in the 2nd through the 4th quarter of this year. We are not out of the woods per sa, but it looks like we may see a growing Economy soon.

If the President finally signs off on the Keystone pipeline, it will put a bunch of people to work, and when the oil starts to flow, it will bring more permanent jobs for that area of fuel production. Wouldn’t it be nice to know we do not have to depend on OPEC for so much of our fuel? Could even push down prices in the states. Just think of the pay raise everyone could  get with lower costs at the pump. That is real money that can be spent in our stores.

Interest rates are just under 4.5% right now but I still expect they will start to go up in the next six months unless the Economy stays flat.

If I can help you with any of your Tucson Real Estate needs call me at 520-240-7130. If you need help finding a lender just contact me for a name or two. If you can refinance, now is the time as we may not see rates like this again.