More homes sold in May than any month this year. And more than every month since last July, after which, sales began to crumble.
And while May provided a nice boost we’re still down from last May and from last years numbers.
2013 - Jan thru May 388 homes sold
2014 – Jan thru May 292 homes sold - DOWN 25%
But there are also 138 homes in contract, so June has the potential to beat the pants off May and, possibly, narrow the gap with last year. Though there were 158 in contract at this time last year.
Sold prices held their own in May – with a slight drop in the median but a hefty jump in the average.
And sounding like a broken record, sale prices are (still) UP while sales are (still) DOWN from last year. And, I’m out of ideas, would someone, anyone, please offer an opinion, a rationale, for this odd behavior.
2013 - Jan thru May avg/med sold $464,065/$385,000
2014 –Jan thru May avg/med sold $$494,003/$415,000 UP 6.5%/7.8%
The April report is HERE
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My observations and opinions of the Catalina Foothills market are based on the facts.
I observe, track and analyze the market, and tell it like it is.
John Schneider • johnschneiders@gmail.com • 520 271-4164
visit TheFoothillsToday.com
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