Marana Home Sales Affected By Decreasing Inventory

Marana Home Sales Affected By Decreasing Inventory

It's been interesting reading the market reports lately.  Sales are down a bit -- not because of a lack of buyers, but because of  a lack of inventory!

Take Dove Mountain, for instance.  There are very different communities in this area, but there's a grouping of affordable neighborhood homes that include Villages of Dove Mountain, Quail Crossing, and Villages at Red Hawk.  All in all, just under 650 homes.

Currently, .011 of them are listed for sale, all but one available for under $190,000.

I thought I'd try a few other NW Tucson neighborhoods just to check the trend.

Skyranch (Meritage Homes for resale in community off Camino de Manana) - .030 percent listed for sale, $225K - $349K

Gladden Farms:  1237 homes - .018 percent are listed for sale.

Rancho Marana:  .036 percent

Tangerine Crossing: 377 homes at .32%

So...wow.  It makes sense that home sales are down - there's darn few to choose from!

Thinking about listing your home?  Now might bring you a pretty quick sale. For all of NW Tucson, months of inventory, including active adult communities, was 3.9.  Meaning, that if you had an average house, at an average price, you can expect it to sell in just under 4 months.  The graph below can show you whether it's a seller's market (less inventory) or buyer's market by price range.

Thinking about selling your home? Call or email today for a no-obligation market analysis of your home and the comparables surrounding it.