Me too. Because looking at what’s in contract is the clearest sign of where the market is right now – and at what prices buyers and sellers are actively engaged in the market.
Overall, there are 139 single family homes in contract in the Tucson Foothills. And with 351 for sale, 139 in contract = 39% of the available inventory in contract. A very healthy number.
(Last month it was 105 in contract vs. 364 for sale for 28% of inventory in contract)
But also, as was true last month and has been for some time, most the action is still huddled at the lower end of the market. Though $600 to $999 has really perked up.
Here’s what it looks like by price range;
111 in contract at $0 to $599,999
(with 190 for sale = 58% of available inventory in contract. that’s HUGE)
19 at $600,000 to $999,999
(with 87 for sale = 22% of inventory in contract)
6 at $1,000,000 to $1,499,999
(32 for sale = 19% of inventory in contract)
3 at $1,500,000 to $1,999,999
(21 for sale = 14% of inventory in contract)
0 at $2,000,000 and up
(21 for sale and nothing in contract = nothing)
Overall, and in 3 of the 5 price ranges, the ratio of homes in contract/homes for sale is stronger now than it was last month > what’s in contract < because demand has increased and supply has decreased and PS- we are at the lowest inventory in YEARS
see thefoothillsToday.com
to find your Foothills home










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