the good news is there are 74 homes under contract in the Foothills

but 67 of them are huddled at under $800,000

with just 7 lucky one's at $800k and up

So 90.5% of the homes going to contract are priced under $800k, and just 9.5% over $800.

Or looked at another way,

with 343 for sale under $800k, the 67 under contract represent
19.5% of the total inventory

while

with 213 for sale at $800k and up, the 7 under contract represent just 3.2% of the total inventory

And if recent activity is any judge, it doesn't seem to be getting any better, quite the contrary. As I mentioned the other day, of the 21 homes that have gone to contract most recently- in the past 14 days, the highest priced was $699,000. So not even a dent in the $800k+ inventory.

If this keeps up, I'm afraid that in 3 months or so, these will look like the good old days.

see thefoothillsToday.com
to search for Tucson Foothills Homes