Tucson real estate : Months of inventory by price range (Catalina Foothills)

Tucson real estate : Both buyers & sellers often enquire about the amount of supply/demand in a particular price range and area. Months of inventory provides good insight into this question. Months of Inventory (MOI), is the amount of current inventory (homes currently for sale) divided by average monthly sales. This is a good indicator of market health since it measures the amount of time it will take to eliminate existing inventory at the current rate of sales. In general, a market is considered “balanced” when MOI is around 6 months.

 
Below find a chart listing the MOI for various price ranges in both the Foothills.
 
Foothills
Price                     MOI
$300-$349k       5.0
$350-$499k       8.4
$500-$749k     11.2
$750=999k       7.3
$750-999k         49.0
$1million & up   38.5
Source: Long Realty Housing Report (December 2011)
Realtor Lisa Bayless  specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all your Tucson real estate needs.
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