How is Tucson doing?
The sub $175k market continues to show strong sales and low Months of Inventory figures for many areas of town. Above $175k we are still seeing a higher Months of Inventory. For your sellers, this is a critical piece of information. If they are in price range above $175k you should be reviewing this data and doing new CMAs every few weeks and honest dialogue with them about pricing. The next 90 days are a critical time to get an offer while buyers are trying to take advantage of the tax credit. If they wait to reduce and end up chasing the market, the buyers may not be there at a later date.