May 2023 Cromford Report Commentary with Infographics
Greater Phoenix Losing 246 Listings per Week in 2023Prices Recovering, Median Up to $425K in May For Buyers: The sharp decline in supply for Greater ...
Read MoreGreater Phoenix Losing 246 Listings per Week in 2023Prices Recovering, Median Up to $425K in May For Buyers: The sharp decline in supply for Greater ...
Read MoreEach month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques ...
Read MoreA year ago the market was weakening fast, but pricing was approaching its peak of $306.46 per sq. ft. and closings were still running high, fueled ...
Read MoreHome loan rates continue to stabilize ahead of next week's Fed Meeting. Let's discuss what happened this week as we await yet another Fed rate hike ...
Read MoreMid Month Pricing Update and Forecast Each month about this time we look back at the previous month, analyze how pricing has behaved and report on ...
Read MoreThe market continues to improve. Sales volumes remain much lower than a year ago, largely because institutional investors and iBuyers lack action on ...
Read MoreEach month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques ...
Read MoreAfter 200% Increase, Supply Still Nearly 40% Below Normal Sale Prices Up 3.5% Since December For Buyers: Rates defied industry predictions once ...
Read MoreAccepted Contracts Up 86% in 5 Weeks Phoenix Back to a Seller’s Market! But It’s Not 2020-2022 Again For Buyers: The Spring season is ...
Read MoreClosed sales hit a very low level during January at 4,346. This is down 39% from January 2022 but January is always a very slow month for closings ...
Read MorePhoenix Buyer Market - Aaaand It’s GoneMedian Price Down $65,000 Since May For Buyers:Last year, traditional buyers took a back seat to an ...
Read MoreFor the monthly period ending January 15, we are currently recording a sales $/SF of $263.84 averaged for all areas and types across the ARMLS ...
Read MoreOne-by-One, Most Cities in Greater Phoenix Succumb to a Buyer’s Market 44% of October Sales Involve Seller Paid Concessions to Buyer For ...
Read MoreDemand not only remains weak, but it became even weaker during November with under-contract listings down 3% from a month earlier and sales down a ...
Read MoreEach month about this time we look back at the previous month, analyze how pricing has behaved, and report on how well our forecasting techniques ...
Read MoreMore Buyers Got Help With Closing Costs in SeptemberWhat To Expect for Housing in the 4th Quarter For Buyers:The price reductions keep coming. ...
Read MoreAfter several weeks of reasonably neutral moves, the market is starting to turn unpleasant again. This is particularly true of the last week of ...
Read More32% of New Home Sales Had Concessions to Buyers Mortgage Rate Hikes Cause Drop in Contracts Again For Buyers:The percentage of closings with ...
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