Here's the broad picture of sales activity - from the Tucson Assoc of Realtors MLS, for single family homes in the Tucson Foothills,during the past two weeks, that's 8/14 thru 8/27.
This activity took place against a base of 356 homes currently listed for sale (priced from $225,000 - $22,000,000) yes $22 million!
New Listings = 51 (priced from $245,000- $3,200,000)
Homes gone under contract = 28 (priced from $259,500 - $3,400,000)
Homes Sold = 18 (priced $283,000 - $1,300,000)
Price Reductions = 42
Price Increases = 4
Expired Listings = 13
Withdrawn Listings = 20
These results are kind of a mixed bag as compared to the previous two weeks (see The Latest - Tucson Foothills Sales Activity 8/13)
Compared to the previous 2 weeks, in the current 2 week period-
We've had 4 fewer New Listings, 7 more homes going under contract, but 19 fewer homes SOLD.
7 more price reductions and 3 more price increases, 1 more expired listing and 9 fewer withdrawn listings.
The previous 2 week period showed impoved sales activity and I was hoping that that would continue and we might begin to see a trend emerging. Though the good news is that we've had 7 more homes going under contract, the not-so-good news is that 19 fewer home SOLD. So again a mixed bag.
Til' next time.