August 2009 Closed Transaction Surpass August 2008
Closed Transaction 2008 2009
Tucson MLS continues to show stronger closed transaction numbers this August over last. When I got up this morning we were at 901 closed transactions for August. August of 2008 had 923 closed transactions. As I write this we are at 932 and there are 4 business days left for closed transactions to be entered into the system before the statistics report is pulled the first of next week.
The July number of 1,184 has now grown to 1,220. I mentioned earlier in the month I didn’t expect August to have as many transactions close as July. I also expected the Average and Median sale price to drop. I’m seeing those expectations met. The number of short sales and REO transactions this month are over 30% of the total closed. Last month it was about half this at 16%.
It is good to see some of these properties being sold and no longer vacant. I’m sure neighborhoods across the city are pleased to see these for sale signs going down and new owners moving in.
Lots of good signs in the market. My last three sales in the Phoenix area had multiple offers.