July 2013 Housing Reports & MLS Statistics Now Available

The July editions of the Long Housing Reports and MLS statistics are now available on our website! Click Here to read all the latest reports. With the release late this afternoon of the Housing Reports the July editions of “The Woodall Wire” and “In The Know” will be sent out tomorrow morning. If you haven’t signed up yet and would like to receive these monthly newsletters, simply Click Here to join our mailing lists. Notable statistics for the month closing June 2013:

• Average Sales Price increased 3.27% from May and now is at $196,376.
• The Median Sales Price also increased in June to $160,000 which is a 2.24% increase from May.
• Average Days on the Market decreased slightly to 53 from 57 the month prior.
• Sales involving conventional loans once again outpaced cash transactions, accounting for 39% of closings compared to 28% for cash.
• Total Active Listings sat at 3,953, the same as May, but still up over 13% from a year ago.
• Total Unit Sales decreased marginally in June to 1,399 from May’s 1,437.

The market continues to show a robustness over an extended period of time now and should continue a slow and steady rise. Interest rates increasing of late may put a little damper on sales, but that should keep the market from rebounding too quickly and is fundamentally a positive thing.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.