Southern Arizona Homes: The Federal Funds Rate Update
Southern Arizona homeowners! 🌵 If you've been keeping an eye on interest rates lately, here's a quick update on the Federal Funds Rate for February 2025:
Federal Funds Rate as of 2/16/25
February 2025 Civilian Unemployment Rate Update
Here's the latest update on the civilian unemployment rate, showing changes over time and reflecting recent economic conditions as reported for February 2025:
Civilian Unemployment Rate, February 2025
Stay informed about economic trends and workforce data to better understand the current job market and economic health. For more details, visit U.S. Bureau of Labor Statistics.
January 2025 Consumer Price Index (CPI) Update
Here’s the latest data on the 12-month percentage change in the Consumer Price Index (CPI) for major categories, as of January 2025:
12-month percentage change, Consumer Price Index, selected categories, January 2025 (not seasonally adjusted)
- All Items: +3.1%
- Food: +2.5%
- Energy: 1%
- All Items Less Food and Energy: +3.5%
Source: U.S. Bureau of Labor Statistics
Southern Arizona Homes: Latest Market Update
Southern Arizona homeowners! Here's the latest real estate market update, showing the number of sales, median and average sale prices, days on market, and more:
Southern Arizona Real Estate Market Overview
- # of Sales: 998 (a decrease of 15.6% from the previous month)
- Median Sale Price: $360,000 (an increase of 0.66% from the previous month)
- Average Sale Price: $443,770 (a significant increase of 6.21% from the previous month)
- Median Days on Market (DOM): 35 days (1 day shorter than the previous month)
- % Over Asking Price: -2.12% (a slight decrease of 0.01% from the previous month)
- # of New Listings: 2,531 (a major increase of 81.7% from the previous month)