Lets see how the improving market is affecting the supply of homes for sale -
Right now there are 424 single family homes for sale. And with 57 homes sold in the last 30 days we’re at an overall 7.4 months of supply. That’s lean, very lean, particularly from where we’ve been.
But lets look at how it breaks down by price range and see where things really lie;
(# homes for sale/# homes sold in last 30 days = months supply)
$0 - $599 - 251 /41 = 6 months supply
$600 – $999 – 95/11 = 8.6 months supply
$1.0 - $1.499 – 38/3 = 12.6 months supply
$1.5 – $1.999 – 19/0 = infinite supply
$2.0 & up – 21/2 = 10.5 months supply
still a big improvement from where we’ve been
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here’s what the supply looked like just 5 months ago – in mid December
$0 to $599 = 8.9 month supply of homes
$600,000 to $999 =11.6 month supply
$1.0 to $1.499 = 29 month supply
$1.500 to $1.999 = 42.5 month supply
$2,000,000 7 UP 0 sold = an endless supply
**from my post of December 17 > sold (so far) in the 4th quarter <
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and looking back to May 2010,
$0 - $599 = 8 month supply
$600 - $999 = a 17 month supply
$1.0 – up = a 26 month supply*
from my post of May 2 > 176 homes sold in the Catalina Foothills
*beyond $1.0 I didn’t break it down any further
see thefoothillsToday.com
to find your Tucson Foothills home
