There’s no predicting, for no apparent reason sales are up one month and down the next.
It’s just the way it is. This month they’re up. Yeah!
But if you look at sales/month for 2012 vs. 2011 there is a pattern. Sales are UP this year vs. last. So far this year, thru October, 691 single family homes have sold in the Tucson Foothills – same period last year saw 565 sales.
Sale prices have been following the same unpredictable and unsteady course. Up, down, …
But unlike the overall improvement in the number of homes sold this year vs. last, sold prices are at best a mixed bag. October’s sold prices are lower than every month this year going back to March and are also way lower than last October. And overall prices are down a bit from last year.
So far this year, thru October, average/median sold prices are $459,873/$370,000 – same period last year they were $468,162/$385,000.
And given the average/median list prices of the homes in contract, ($478,613/$399,450), and assuming they’ll sell for about 5% less, for now anyway, it doesn’t look like sold prices are about to take off
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