Market Summary for the Beginning of August 2020

Here are the basics - the ARMLS numbers for August 1, 2020 compared with August 1, 2019 for all areas & types:

• Active Listings (excluding UCB & CCBS): 8,477 versus 13,746 last year - down 38.3% - and down 3.5 …

Market Summary for the Beginning of July 2020

Here are the basics - the ARMLS numbers for July 1, 2020 compared with July 1, 2019 for all areas & types:

• Active Listings (excluding UCB & CCBS): 8,788 versus 15,422 last year - down 43.2% - and down 26 …

Here is a quick overview of the Gilbert Market....

• New Listings: Still Increasing.

• New Contracts... Down but still strong.

• Market Balance... Changing, but still a strong sellers market.  (aka Cromford Index is 239. Neutral Market is 100.),

• Contract Ratios:  "Hotter and Frenzied"

• Pricing:  Upward pressure as …

Gilbert ~ New Contract vs. Back on Market (listing that fall out of escrow)

Cromford Index Report...Gilbert

• Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings …

March 26-2020

Active Listings in Gilbert... (Spike Up)

Listings Under Contract in Gilbert... (Recent Fall)

Cromford Market Index for Gilbert... (Still Very Strong...)

Cromford Market Index Meaning... Balanced Market is 100.  Above 100 is a Sellers Market.  Below 100 is a Buyers Market...

Cromford Market Index™ …

March 31 - Although we do not normally talk much about the intricacies of the mortgage market, momentous things have been taking place over the past two weeks which are likely to have a knock-on effect on the housing market. For more details we refer you to a well-written article by …

March 18 - A number of people seem to assume that we are heading for a recession and that home prices will fall. The first assumption is quite reasonable. The second assumption is based on fear and has little analytical data to back it up. Obviously anything can happen in a …

March 22 Update- In the first few days of last week there was little sign of the pandemic having an effect of the housing market. However, Thursday, Friday and especially, Saturday, has given us much more to chew on. There are a number of effects happening at the same time …

Market Summary for the Beginning of November 2019

We note that October 2019 contained 23 working days and October 2018 contained the same. There is therefore no need to apply any adjustments when comparing the 2 months.

So what are the numbers telling us?

• The seasonal increase in active listings …