Starting in January and continuing into March more homes are listed for sale in the Catalina Foothills than at any other time of year. Meanwhile, in January, buyers are still warming up and kicking tires. So initially, until buyers really get going, the supply of homes for sale far outstrips the demand. And consequently the MOI (months of inventory) numbers are very high.
I was reminded of this when I updated the Market Snapshot figures this morning - the MOI for all price ranges are way high. Because, since Jan 1 there’ve been 97 new listings and another 54 relisted old listings. And even with the 40 contracts I mentioned in the post just below this one, that’s 111 more listings than contracts. For now.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
