Pending contracts are up again, at the end of September. The number of contracts increased 4.3% from August and 59% from last September. At the same time, inventory is down to 6,008 homes, a 1.4% decrease from August and a 23.5% decrease from last September. Average market time inched up again to 80 days on average.
The average sales price was $196,755, a 1.4% decrease from August and 9% decrease from last year. The median sales price was $163,000, up just a little from August, but a decrease of 9.4% from last year.
Although time is getting short, there are still 45 days to November 30, the deadline to close on a home, and receive the $8,000 first time home buyer tax credit. A first time home buyer is anyone who has not owned in a home for the last three years. As of the time of this writing, there has been talk of an extension, but nothing has been made official. You can read more about what is being done to extend and expand the Home Buyer credit in our newsletter this month. You can get to it, below.
In addition, interest rates are at an all time low! Please let us know if we can help you, or someone you know, take advantage of this great opportunity!
We have monthly reports for each area of town (North, Central, East, etc.) at our website, just click on our website below. In addition, our research department can generate a two year trend analysis report, by month, for your specific neighborhood or zipcode, so just let us know if this would be helpful to you.
If you would like to see the Tucson Association of Realtor's full September MLS statistics, go here: http://www.tucsonrealtors.org/tar-v2/MLS_Stats_Sept.pdf
We are always happy to hear from you and those you refer to us! Whether to provide information, a current market analysis for your home, or help in Buying or Selling property!
800-453-7653 or 520-235-3973 or Herr@TucsonMoves.com
Approximate Location Boundaries: Greater Tucson Area including Oro Valley, Marana, Catalina, Vail, & Sahuarita
About Janie & Barrie Herr:
Janie and Barrie have been providing personal and professional Real Estate Services for sixteen years, and have been investing in the Tucson market for over twenty seven years. They have helped hundreds of families Relocate to Tucson, Oro Valley and Southern Arizona. Their knowledge and experience is an asset to the Buyers and Sellers they help, whether it is to Buy, Sell, Invest, or Exchange.
Barrie has been active in "Green" initiatives since the 1980's and has earned the National Association of Realtors GREEN designation. They both continue to deepen their knowledge of their profession, in part by earning designations, and have the "Accredited Buyer Representative" (ABR), the "Certified Residential Specialist" (CRS), the "Graduate of the Realtor Institute" (GRI), the "Internet Professional" (e-PRO), and hold a Broker's license.
Civic and community activities include Board Membership of "Our Family", this year serving as President; serving as a Mediator and Ombudsman, Board membership of Tucson Clean and Beautiful, and serving on the Tucson Association of Realtors committees. A donation to the "Long Realty Cares Foundation" is made from every closed transaction.
Each client and their situation is unique, and they personalize their services for every client they serve. It is a testiment to their dedication and diligence that they are in the top 2% of Tucson Realtors, and many of their new clients have been personally referred by past clients.
Not all Realtors are alike ... Janie and Barrie will show you why! Visit either of their websites: www.TucsonMoves.com or www.GreenHomesTucson.com and contact them to Buy or Sell with confidence!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
