In April the overall months of inventory was 5.3
by mid May it was 4.7
by mid June it was 3.9
in July it hit 3.4, and that was it, the bottom
in August it was up to 4.3
September brought it up to 5
and currently it’s at 6.9
That’s overall MOI for all price ranges, but even the lower end of the market has seen a rise in MOI.
In April it was at 3.5
by mid May it was 3
June 2.75
July 2.4, and that was it, the bottom
in August it was up to 3.1
September 3.4
and currently it’s at 5 months. Still a healthy market, but double where it was in July.
And the upper-end market, it has done just the opposite, it started off pretty good, it looked promising, but it was short lived and soon faded to where we are now, about 40 months of inventory at $1mil+.
see TheFoothillsToday.com
to find your Catalina Foothills home
