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 elimate current inventory. In general, a market is considered “balanced” when MOI is 6 months.
Of course market conditions vary greatly not only by area but also by price range. Below find a chart listing the MOI for various price ranges in both the Foothills and Oro Valley.
Foothills
Price MOI
$0-99k n/a
$100-249k 5.5
$250-499k 9.6
$500-749k 5.2
$750-999k 9.8
$1,000 and over 11.4
Source: Long Realty Housing Report (July 2011)
Oro Valley
Price MOI
$0-99k n/a
$100-249k 3.7
$250-499k 9.2
$500-749k 13.5
$750-999k 19.0
$1,000 and over 25.0
Source: Long Realty Housing Report (July 2011)
Realtor Lisa Bayless specializes in Tucson catalina Foothills, Oro Valley and Marana real estate home sales.
