Months of Inventory: Tucson Area Luxury Market

Months of Inventory (MOI) reflect 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. The market is considered “in balance” when there is 6 months of inventory.

Below find the months of inventory for the entire Tucson area luxury market.

Price                                        # Homes on the mkt.                                     Months of inventory
$800-899k                             55                                                                     19.3

$900-999k                             46                                                                     46

$1,000-1,249k                       56                                                                     14

$1,250-1,499k                       36                                                                     36

$1,500-1,749k                       30                                                                     30

$1,750-1,999k                       27                                                                      27

$2,000k and up                    37                                                                      (no recent sales…)

Humm…. in the luxury market, there is a BIG gap between supply and demand. Too many homes for sale and not enough buyers; this is why months of inventory is so high.