Tucson Closed Transactions March 2009 Better Than 2008
April 2, 2009
Post Tags: Seeking Bottom , Tucson-closed-transactions. , Tucson-MLS-Statistics
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891 Closed Transaction Entered – March 2009 & Counting
The Selling of Homes
Right now it looks like there will be more closed transaction in March of 2009 than there were in March of 2008. I wouldn’t have believed this was even attainable last Friday March 27th. At that time we didn’t have 700 closed transaction in the system.
March 2008 had 930 closed transactions. More than 240 transactions is a lot distance to cover in a few short days. But the past couple of days have moved us quickly beyond 700 and right into the mid 800’s by noon yesterday.
As of a few minutes ago 4:15 pm on April 2, 2009 there were 891 closed transaction in the system. This leaves only 39 more to meet and 40 to beat last years number.
All data for the Tucson MLS March report is to be pulled tomorrow morning. After tonight any transactions entered into the system for March will incur a $250 fine for being late. Looking at the past few months there have been 20 to 25 late transaction entered. If this is the case again this month we will be very close to March 2008 or exceed it.
The Stock Market Rally Today
With the East cost three hours ahead of us here in Tucson there is a lot of day already happening in our country by the time many of us are up and about. Consider when it is 6 am. here it is already 9 am. in Washington. When things get rolling in Washington by 6 am. it is 3 am. in Tucson. Even the most die hard news junkies are not up and listening to the start of the News day on the East cost at 3 am. Tucson time.
This morning we were greeted with a DOW that was already up 200 points by the time it was 8 am. here. The news out of Washington? “The Experts” now believe the elusive calling of bottom might be possible. It rode above 8000 for the first time in 2 months. By the close it had fallen back below 8000 to 7978 and closed up 216 points. Profit taking tomorrow? Early birds will find out before the rest of us, but I’m not going to be up early to see. The news that brought the investors to the Buy side:
“WASHINGTON — New economic reports on construction spending, manufacturing and pending home sales suggest the recession may be moving closer to a bottom.”
You can read the entire article Seeking the Bottom if you want to follow those that are trying to call bottom, or as I say “Catch a falling Star“.
