Not sure what “Bigging-up” the market is.

I do have to disagree with on the statement “Inventories mean nothing” When there are fewer houses for sale prices go up. It is supply and demand.

Not only is every community different, each area of a community is different. There are some subdivisions with waiting lists of buyers to get into them. When homes come on the market there they never last long.

One area of Tucson will have 6 months inventory while another area might nave 20. Inventory of what is available to purchase does have an impact on price. It is only one factor but it is a factor.

I agree there are some home overpriced and some way over priced. I’ve stated in other posts I don’t consider these homes on the market. They are just testing the waters and inflating numbers of what is for sale. It isn’t hard to find a home that is overpriced. But the general attitude that all homes will be there when I get ready is a false assumption. That was the point of this post. If you find a home you really like, and it is priced to sell don’t assume it will go down further.

Finally, I wouldn’t take this single post out of the context of the series of which it is a part. If you read the posts for the past couple of weeks on the Tucson Real Estate Market I hope you would see a balanced approach.

I know there are some that think all who write about real estate are just trying to justify why any time is a great time to buy. Regular readers here know that is NOT the case here.

Inventory means squat. When house prices start increasing, that’s when things have turned.

There’s still a lot of people with property on the market asking unrealistic prices…. that’s why they are on the market for several months or a couple of years even….