Below is an interesting article by Dale Quinn of the AZ Daily Star:
While the number of Tucson homes sold in February was up from the previous month, the median sales price slid.
The median sales price, the point where half of homes sold for more and half sold for less, was at $150,000 for February. That's down about 6 percent compared with January and more than 15 percent compared with February 2009.
The latest monthly report by the Tucson Association of Realtors Multiple Listing Service shows the number of homes sold at 741, up from 712 in January.
Year-over-year inventory was shrinking, according to the report, with about 10.5 percent fewer active listings this February than the same month last year.
Despite the drop in median sales price, MLS President Dan Santa Maria characterized the statistics as showing improvement in the housing market.
"These are all positive signs that the consumer confidence in the real estate market continues to increase as buyers are continuing to take advantage of the home-buyers credit that will be expiring on April 30," he said in his note accompanying the report.
Contact reporter Dale Quinn at 573-4197 or dquinn@azstarnet.com
Anna-Lise TroupTucson REALTOR/Davis-Monthan AFB PCS Expert
Realty Executives
(520) 906-5659
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# posted by
Anna-Lise Troup @ 10:16 AM