There are 364 single family homes for sale in the Foothills today,
53 sold in the last 30 days, and at the moment there are 77 in contract.
here’s what it looks like broken down by price range,
| Price | # for sale | # sold | # in contract |
| $0 – $599 | 221 | 42 | 63 |
| $600 – $999 | 77 | 7 | 8 |
| $1.0 to $1.499 | 34 | 2 | 4 |
| $1.5 – $1.999 | 15 | 1 | 1 |
| $2.0 & up | 17 | 1 | 1 |
| 364 | 53 | 77 |
Months of inventory (MOI) are as follows;
foothills overall is 6.9 months (364 ÷ 53 = 6.9) which is darn near a balanced market
But, as always, looked at by price range it’s a very different story.
$0 – $599 is 5.3 MOI (remarkably good)
$600 – $999 is 11 MOI
$1.0 – $1.499 is 17 MOI
$1.5 – $1.999 is 15 MOI
$2.0 & up is 17 MOI
And with a glance at the number of homes in contract at each price range, that’s our snapshot of the current foothills market.
While the bottom price tier is still roaring along very nicely, everything else is losing ground. Until August came along, everything, including the mid to upper market (though not including the $2mil and up crowd) had been improving quite nicely –sellers were finally getting it and sales were picking up. But then August did come along. Pray for September.
thefoothillsToday.com
to find your Tucson Foothills home
