From the WSJ.com real estate blog - The number of homes listed for sale fell for the fifth straight month in October, hitting the lowest level in more than four years.
By Nick Timiraos
Housing Inventories Fall to New Four-Year Low in October
That is also the case here in the Tucson Foothills.
Right now there are 365 single family homes for sale. During the last five years the closest number of homes for sale was in November 2006 when there were 395.
in Nov 2007- there were 505 for sale
Nov 2008- 591
Nov 2009- 465
Nov 2010- 496
Yet even with a dwindling supply prices are still weak and if anything still falling. Though it seems they’re falling much less and more slowly than they were.
see thefoothillsToday.com
to find your Tucson Foothills home