In a Q1 post in early April, with solid Q1 sales numbers in hand, I noted ".... the continued financial market turmoil suggests we should anticipate a shift in Q2. The direction and extent of that shift remains to be seen".
Well, here we are in Q2 with a noticeable shift from where we were in Q1
| Q | # Homes Sold | MSP | MDOM |
| Q1 | *144 | $864,722 | 17 |
| Q2 | 194 | $800,000 | 27 |
A shift led by a 7.4% drop in the Median Sold Price combined with a 58.8% jump in Median Days On Market, a sign the market is shifting away from sellers and becoming more buyer friendly. Not a seismic shift but well worth watching to see where it goes.
*Q1 home sales are always lower because many buyers and sellers are celebrating the holidays from late November to January instead of doing real estate stuff. Happens every year.
For a closer look at the Foothills market categorized by price range check out my Market Snapshot.
Catalina Foothills Homes
John Schneider, Realtor® | Tierra Antigua Realty
TheFoothillsToday.com
[email protected] | 520 271- 4164
