The Market Snapshot is a basic quick-look at the current real estate market in the Catalina Foothills.
It shows the number of homes for sale, in contract and sold in the previous 30 days, with the resulting months of inventory (MOI) broken down into 8 price ranges.
After I post the Market Snapshot I save it for future reference so, like today, I can look back at what the market was at any time since 2014 and share it.
The following are Market Snapshots I posted this past January, March, June and September at > Market Snapshot, tracing the arc of the Catalina Foothills market from its red-hot days in January - March/April to its wanning days that started trickling in in April/May and continue thru today.
First up is the Market Snapshot I posted on January 16, 2022 - showing a raging sellers market at most price points with the exception of $1.5 and $2.0
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And a very similar market in March, with a miraculous recovery at $1.5 and $2.0
A slight increase in MOI but not all that different in June
With MOI rising across most price points we're seeing visible signs of a cooling market
The market is getting tugged in two directions.
On one hand there is still a shortage of homes for sale, which is, for now, holding up demand and prices , on the other interest rates are high and going higher as the stock market plunges - severely weakening buyers desire and ability to buy a home.
Thanks for dropping by
John Schneider /Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
[email protected]
520 271-4164
Take care, stay well
TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
(and only in the Catalina Foothills)
