Click on the title of this posting to read the CNNMoney article. The average 30-year fixed mortgage rate has dipped to 5.19%, according to a report from Bankrate.com, the lowest rate since 1956.
# posted by
Anna-Lise Troup @ 4:58 PM
Pending Sales, Closings and Foreclosures Increase:
Listings Decrease There were 1172 Pima County foreclosure filings in February, up from 955 in January according to RealtyTrac, 1 in every 378 housing units for
Tucson, 1 in 101 for
Marana, 1 in 95 for
Sahuarita and 1 in 58 for
Vail. RealtyTrac states the average foreclosure sales price for Pima County at $157,247.
TAR/MLS February Statistics were published March 9, 2009 with the continuing bright spot, an increase in pending sales -
up 8.4% from January 09.
Home Units closed also increased, up 12% in February from January. February contained 659 closed sales, compared with 664 in February of '08 - less than 1% decline from last year.
Active Listings declined 17.84% to 7532 this February from last year's 9168, trending down from January's number of 7,694. Average days on market remained at 84, holding steady after a four month down cycle.
The Median Sales Price increased 9.04% to $178,000 - up from $163,250 in January. Average Sales Price for February 2009 increased by 6.76% from January to $222,207 - off from $254,381 last year by 12.65%.
# posted by
Anna-Lise Troup @ 2:28 PM
