There are 357 single family homes for sale in the Foothills today,
44 sold in the last 30 days and at the moment 77 are in contract.
here it is broken down by price range,
Price | # for sale | # sold | # in contract |
$0 – $599 | 224 | 36 | 56 |
$600 – $999 | 67 | 4 | 13 |
$1.0 to $1.499 | 36 | 4 | *6 |
$1.5 – $1.999 | 14 | 0 | 1 |
$2.0 & up | 16 | 0 | **1 |
357 | 44 | 77 |
*(3 are distress sales) **(a short sale)
Months of inventory (MOI) are as follows;
foothills overall is 8 months (357 ÷ 44 = 8.1) which is up from last month (lower is better)
But as usual, looked at by price range it’s a very different story.
$0 – $599 is 6.2 MOI (very good but also up a tad from last month)
$600 – $999 is 16.7 MOI (way up from last month)
$1.0 – $1.499 is 9 MOI (way down from last month)
$1.5 – $1.999 with no sales and therefore no way to measure MOI, let’s just say it’s going to take a while,
$2.0 & up, ditto
We’re continuing to see the effects of the market slowdown that began in early August, some of which we expected – because August is August and it’s always slow – and some of which we didn’t, because we didn’t see the economic turmoil/uncertainty/stock market tumble/volatility that came roaring along in early August until it hit us over the head. And it continues to dampen home sales.
For comparison here’s Last Month’s numbers,
see thefoothillsToday.com
to find your Tucson Foothills home