Currently browsing MLS tag archives.

Tucson Real Estate Market Report – June 2008

 june report 2008

The Quick Housing Numbers For Tucson, AZ June 2008:

  • Average Sales Price: $257,449
  • Home Units Sold: 1,034
  • Average Days on Market 78
  • Single Family Home Months of Inventory: 8.6
  • Active Listings 8,140 down from 8,527 in May

Inventory levels are continuing to come down which is a positive for the Tucson housing market.

For more in depth details of the June 2008 numbers Click Here: Tucson Residential Stats June 2008

Data gathered from the Tucson MLS and is deemed reliable but not guaranteed. 

orphan banner

From The Desk of Tyler Ford

Tyler Ford

When you read the newspaper, listen to the news on TV, have a discussion with friends, family and colleagues it becomes clear there are many factors influencing our economy. You hear concerns about the price of gas, slow economy, housing market, interest rates, inflation and 2008 Presidential election.

There is one thing for certain, we have little or no control over change and change is inevitable. So why not make the best of change? Educate yourself and prepare for the ups and downs of the market and take advantage of opportunity.

There are many good books on the subject of money and finances. I am a big reader and am always looking for ways to improve my situation and grow as a person. For those of you that like to read and educate yourself a great book on the subject of finance is Rich Dad Poor Day by Robert Kiyosaki.

I am a contrarian. In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong. Now is a good time to buy and take advantage of some great deals that are available that won’t last forever!!!

There has been some positive data in the Tucson’s housing market put out by the Tucson Association of Realtors® Multiple Listing Service, Inc (MLS). If you would like a copy of the full residential sales report put out by the MLS give me a call and I will email it to you. It is worth looking at. Below are some highlights of the report.

  • Pending Contracts Increase by 27.11% in the month of April
  • Active Listings Decrease by 15.20% to 8,808 in the month of April
  • New Listing Decrease by 20.87% in the month of April
  • Home Sale Units Increased 8.1%. In April there were 973 homes sold.

This is good news for the Tucson housing market. Inventory levels are staring to come down. It is all about supply and demand and getting the inventory levels back to an equilibrium which is slowly starting to happen.

“Live Frugally” while being grateful for life. Live within your means and save money.

“Stay Liquid” Have cash available to prevent the need for credit and to take advantage of opportunity when it presents itself.

“Buy Income Producing Assets” put your money to work for you rather than having to work for money.

Make it a great day! You deserve it!   

Tyler Ford

www.TucsonMortgages.com

tandt banner

Recent Comments

  • Tyler Ford: Great job Todd!
  • Tyler Ford: Seems as through the real estate market is picking up and home prices are stabilizing.
  • Gail Richards: Thanks Todd! More Great Information! Thanks for being on top of everything…your the best! Gail
  • admin: Hey Todd, Can’t wait to pick a winner!
  • steve kargel: Thank you Todd for sending us your updates and especially for insights like the Eller annual economic...

Recent Readers