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Thread summary:

Seeking opinions on real estate market statistics in the Metropolitan Valley Tucson area; information on short sales, foreclosures, specialized real estate markets

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Old 12-19-2007, 04:22 PM
 
Location: Arizona
124 posts, read 476,922 times
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Originally Posted by Captain Bill View Post
Angelface, it has to be your marketing.

Bill
I hope so...that would be nice. Talk about job security! . You know between website maintinance, writing newsletter articles, and running a pay-per-click campaign the agent I work for would be lost without me
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Old 12-19-2007, 11:12 PM
 
194 posts, read 325,608 times
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In regards to the number of single family homes on the MLS, at what number would you consider it to be a "Goldilocks" scenario? That is, how many homes SHOULD there be for sale in an absolute average market? 35, 000? 40K? Wouldn't it seem reasonable that with the anticipated growth in the future it would be wise to have a good size supply of houses, rather than a shortage?
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Old 12-20-2007, 12:20 AM
 
3,819 posts, read 11,939,702 times
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I think around 30k is considered a normal market.
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Old 12-20-2007, 05:28 AM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,776,396 times
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Quote:
Originally Posted by pstratt View Post
In regards to the number of single family homes on the MLS, at what number would you consider it to be a "Goldilocks" scenario? That is, how many homes SHOULD there be for sale in an absolute average market? 35, 000? 40K? Wouldn't it seem reasonable that with the anticipated growth in the future it would be wise to have a good size supply of houses, rather than a shortage?
I look at the number of months supply. (Divide the inventory by the number of sales in a month.)

6 months supply is a a balanced market.
4 months is a sellers market
8-9 months is a buyers market

Bill
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