Peeking at August Stats

September 4, 2008 | By Kelley Koehler | Filed Under Market Discussion

I pulled my active listing related figures yesterday from the Tucson MLS system – I’ll pull the solds over the weekend, just to give some of those slacker agents a little more time to finish reporting their sales for August.

So far, number of listings and pendings are down, and based on today’s number of sales figure, months of inventory is holding steady from last month.

I was talking to a couple of folks earlier in the week about the market in general. Looking back at this year, I’ve had several clients in multiple competing offer situations, both as sellers and buyers. While there are lots of homes that are overpriced or in bad condition and sit on the market forever, every once in a while, a real gem shows up, and you’ve got to fight for it if you want it.

Coming soon: I’ve added some new metrics and charts to the Tucson market stats that I collect, including a graph of list and sale price distributions per area. They’re not up in the regular stats pages yet, but I’m hoping that in the next 2 weeks or so (knock on wood), we’ll have a large site update rolled out and the stats will be consolidated into their own area.

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In Tucson, the REO market is larger than the short sale market – at least in terms of sales that are actually closing. Regular non-distress sales still are a large portion of the market in some areas. Citywide, by the way, that makes our market 10% short sales, 28% foreclosed properties, and 62% regular properties.
Belated February 2008 Tucson Real Estate Market Stats (March 23, 2008)
I’m late with the market report for February, and I apologize. I am frustrated with the manner in which I must generate these numbers. It’s incredibly cumbersome. There’s just got to be a better way.
But on with the show, eh?
For the Tucson Area, as calculated today:

Average Single Family Home Sales Price: $292,441
Median Single Family [...]
Tucson Real Estate Market Statistics – August 2008 (September 9, 2008)
The overview, as Kelley sees it:

or Download Tucson Market Stats for August 2008 here (MP3)
You can also read the written overview, on that Tucson Market Stats link at the top of the page. Or, you can subscribe to my Tucson Market Reports podcast here, just FYI.
The Quick Numbers:

Single Family Home Average Sales Price: [...]