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.
Foothills
$200-299k 12.1
$300-399k 5.0
$400-499k 10.7
$500-749k 13.8
$750-999k n/a (41 listings)
$1,000 and over 16.5
Source: Long Realty Housing Report (October 2011)
Oro Valley
$500-749k 18.5
$750-999k n/a (16 listings)
$1,000 and over n/a (23 listings)
Source: Long Realty Housing Report (October 2011)
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs.
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