Activity for single family homes in the Tucson Foothills
New listings were about half new n’ half relisted old listings.
And you’d think, that with price reductions consistently one of the most active categories, that eventually we’d see some results, like an uptick in New Contracts. But not this week. But of the handful that did go to contract, there were a couple in the very high $9’s and one at $1.495, and all three had had BIG price cuts recently.
And while the number of homes sold is up from last week and the week before, the highest priced sale was a disappointing $650k.
But as they have in the past, higher priced listings did make a good showing in the expired/withdrawn category. And while some of them have not been re-listed, probably because they’re taking a breather for the holidays, I’m convinced that others are sitting it out due to the sellers frustration with the lack of showings.
But regardless of the reason, expired & withdrawn listings that have not been re-listed are playing a big part in why the inventory of homes for sale is at a very low 443 in the foothills today.
see thefoothillsToday.com
to find your Tucson Foothills home
