Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me
March 2008 Real Estate Sales Report
Surprise surprise, TARMLS is listening and got statistics out today. Their numbers are slightly better than I reported in my preliminary report a few days ago.
I reported 892 sales in my preliminary report, TARMLS reported 900 sales. Which amounts to a .76% increase in sales over the prelim report. TARMLS has changed their reporting to compare the previous month to the current month. I like how they broke it down.
- Home Sales Volume: Increased 25.29%
- 2/08 $186,129,758
- 3/08 $233,207,940
- Average Sales Price: Decreased 1.15%
- 2/08 $262,155
- 3/08 $259,120
- Pending Contracts: Increased 30.67%
- 2/08 1,079
- 3/08 1,410
- Active Listings: Decreased 1.59%
- 2/08 9,168
- 3/08 9,022
- New Listings: Increased 0.49%
- 2/08 2,432
- 3/08 2,444
- Home Sales Units: Increased: 26.76%
- 2/08 710
- 3/08 900
- Median Sales Price: Increased 0.05%
- 2/08 $199,900
- 3/08 $200,000
A good sign is the decrease in new listings and active listings. If we can see that three months in a row we may be headed for a trend. As can be expected the northwest and central parts of metro Tucson lead in sales respectively. April through June traditionally see higher sales each month, with a slight drop in July.
Interest rates slightly increased over the weekend. For those who locked in loans last week, you did the right thing. For those waiting for them to fall further, you have a better chance a the black jack table. We are getting close if not already at the point of woulda-shoulda-coulda. See you next month.
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Doug - Looks like your market is doing well too. Bryan/College Station (Texas A&M University area) is also doing well. Lets hope it continues!
April 20th, 2008 // Susan Hilton - Texas Aggie Realtor