A Note of Apology and then…More Numbers!

     It must be evident to whomever read yesterday’s blog that I am new to this game.  I apologize for the table spill over to the second column.  I will get the jist of this eventually.  I didn’t realize this faux pas until I had published.  Just goes to show there is always something new to learn!

    Our Tucson real estate market place is definitely picking up, and the numbers from January through June tell the story.  Comparing the month of January to the month of June, the total volume increase is more than 68 million dollars, and the number of active units on the market has decreased from 9168 in January to 8140 in June. New listings too have decreased by nearly 1700 from 3744 in January to 2095 in June.  Less inventory on the market is a good sign right now. 

     The average sales prices since January has decreased about $9,000 from $266,450 to $257,449 and the median price has gone from a January high of $203,500 to $200,000.  The number of days on the market now stands at 78 whereas in January, it was 83 days.  But the number of properties sold has nearly doubled from January from 594 at the beginning of the year to 1034 in June.  The market is finding balance.

     These statistics from the Tucson Multiple Listing service include all homes within that MLS area.  Charlie Kentnor, a well known Realtor based in Sonita, echoed the same sentiments in his blog,

http://www.realtown.com/ckentnor/blog/market-trends-and-statistics/sonoita-real-estate-june08-update

     By the time the press gets around to saying the market is improving, those who wanted to get on the real estate boat, will find the boat has passed them by.

Tags: , ,

Leave a Reply