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Tag Archives: oro valley housing market
Months of Inventory for the Foothills & Oro Valley
Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.
Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate news
Tagged Foothills homes for sale, foothills homes sales, foothills luxury home sales, months of inventory foothills, months of inventory oro valley, oro valley home sales, oro valley homes for sale, Oro Valley homes sales, oro valley housing market
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2011 1st Quarter Market Update
Below find the 1st quarter (Jan.-Mar.), 2011 housing results, for the Foothills and Oro Valley. I have compared the 1st quarter 2011 results to 2010, to provide an overview of the market’s current condition compared to last year.
Oro Valley March 2011 Housing Report
As of March 2011 active inventory was 493, an 11% increase from March 2010. There were 53 closings in March 2011, 12% below March 2010. Months of Inventory was 9.3, up from 7.4 in March 2010. Median price of sold homes was $235,000 for the month of March 2011, down 18% from March 2010. Oro Valley had 54 new properties under contract in March 2011, down 31% from March 2010. Continue reading
Are foreclosures pushing prices down?
The Arizona Daily Star published an excellent article today about falling home prices in Tucson. According to The Star, the medium price of a home in all of Tucson, dropped 21% in March 2011, compared to March 2010. The medium sale price in March was $125k, down from $157,680 the previous March. The Star’s article noted that bank owned properties (foreclosures) in the lower price range pushed prices down Continue reading
Oro Valley Market update!
As of February 2011 active inventory was 504, a 14% increase from February 2010. There were 53 closings in February 2011, 51% above February 2010. Months of Inventory was 9.5, down from 12.7 in December 2009. Median price of sold homes was $265,000 for the month of February 2011, down 7% from February 2010. Oro Valley had 57 new properties under contract in February 2011, down 5% from February 2010. Continue reading
Posted in Oro Valley Real Estate news
Tagged oro valley home sales, oro valley housing market
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