RSS
Home
July statistics: more than a hint of recovery
Print
Email
RSS
Subscribe
July statistics: more than a hint of recovery:
The July Statistics for the Housing Market in Tucson (just released by TARMLS), are very exciting . . . in fact it would be hard to deny the very strong signs of recovery. Inventory has reduced to a number (6075) smaller than any number since December of 2005,and Average days on Market stayed the same as last month:
.JPG)
Home Sales (number of ) Units is higher than June and July of the previous years:
Average sales price is down from last year but up from last month:
Pending contracts are up again and again, this is very important,as it means that sales will be up next month:
Active listings are lower than any time in the last four and a half years, which means that prices will begin to rise. As I mentioned last month, July has continued the trend to recovery. I still believe it likely that this year will follow patterns similar to 2006 and 2007 or even better them, rather than the slow slide of last year and the year before. As you can see in this chart, Total Unit sales last month exceeded the July totals for the previous two years and have come close to 2006.
The Chart below might be easier to understand. The trend is up and with the increase in pending sales we should see that trend continue. .JPG)
You can take a look at these statistics for yourself here:
All these statistics were compiled by the Tucson Association of REALTORS Multiple Listing Service, the most accurate source of Real Estate information in the Tucson area, and may be accessed though the Tucson Association of REALTOR's site.
More About:
Satistics
Related Articles:
Add a Comment
Real Estate of the Future, Now This last week I was plunged into the world of programming and web-edge technologies. I attended a user group meeting …
.jpg)
Tucson is known for its Southwestern architectural styles. As with all American cities, you can find examples of most any style, from Bauhaus to …
