Here's a look at days of inventory (DOI) for single family homes in the Tucson Foothills. Overall, for all single family homes in all price ranges, the DOI computes to 11.7 months, which is about 2X the inventory that is considered normal. But there are three price ranges where no homes have sold in the last 30 days, and so DOI for those price ranges can't be calculated, and therefore the actual total DOI is indeterminable at this point. But lacking anything better, I'll call it
11.7 months, and counting.
That's why I break down DOI by price range, because as you'll see,
DOI varies wildly depending on the price range you're looking at
in the Tucson Foothills
| Price | # For Sale | # Sold | Months of Inventory |
| $0 - $400,000 | 100 | 18 | 5.5 |
| $401 - $600K | 135 | 12 | 11 |
| $601 - $800K | 122 | 13 | 9 |
| $801 - $1.0m | 68 | 6 | 11 |
| $1.01-$1.250m | 44 | 0 | ? |
| $1.251-$1.5m | 46 | 1 | 46 |
| $1.501- $2.0m | 41 | 0 | ? |
| $2.01 - $3.0 | 29 | 1 | 29 |
| $3.01 & UP | 13 | 0 | ? |
| Total | 598 | 51 | 11.7 |
**DOI, days of Inventory reflect the time period required to sell all the properties on the market given the number of closed transactions in the preceding month provided no new properties becomes available.
The last time I posted DOI figures was on March 18th, here>
days of inventory, in your price range, for the Tucson Foothills
and the total number of homes sold then was just one less than during the current 30 day period. But if you compare the two you'll see there are many differences in DOI by price range from then 'til now, and in general, DOI has increased across most price ranges.
If you're buying or selling a home in the Tucson Foothills, DOI in your price range is a key factor to know and seriously consider.
And obviously, if you're trying to sell your home, and it's priced at $1,000,000 and Up, you have lots of competition, and few buyers buying. You can't afford to ignore this.
see TheFoothillsToday.com
to search for and learn more about Tucson Foothills Homes
