Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
I want to get these Statistics up, so I am just going to give you that for now. I will try to write my Government thoughts before Christmas.
Some things are good, and some not quite so good. Median Sales Price went up as it and the Average Sales Price were affected by the lower number of sales over $500,000. We had almost 200 fewer sales this month which is probably the worst part of this month. Over all, things did not get better but not real bad.
| June 2013 | July 2013 | Aug 2013 | Sep 2013 | Oct 2013 | Nov 2013 |
|
|---|---|---|---|---|---|---|
Average Sales Price | $196,376 | $197,444 | $191,283 | $189,042 | $192,433 | $191,763 |
Median Sales Price | $160,000 | $159,900 | $160,500 | $155,399 | $155,900 | $159,500 |
Total Units Sold* | 1399 | 1263 | 1205 | 1051 | 1130 | 933 |
Active Listings | 3953 | 3933 | 4249 | 4717 | 5173 | 5286 |
Days On Market | 53 | 50 | 48 | 47 | 50 | 51 |
Listings Under Contract** | 2342 | 2226 | 2064 | 1868 | 1771 | 1724 |
Sales Over $500,000 | 48 | 49 | 41 | 37 | 47 | 30 |
| 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) |
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I still put our housing problems on the Economy. The uncertainty is killing us in almost all areas of the Economy. Interest rates are still hovering around 4.5%. In the last week it has pushed up to that level and could continue up towards 4.75%.
If you still want to own a home, for probably less than you are renting for, it makes sense to buy. Washington Federal has a new 5% down program with no Private Mortgage insurance(PMI). A little more in interest but no PMI for the life of the Loan, as you will find in a 3.5% FHA loan. Anyway do think about it.
If I can help, or give you advice, call me at 520-240-7130.
Merry Christmas to everyone and I hope a better new year in 2014.
Dec 17, 2013 No comments yet Share