The Cromford® Market Index stayed over 200 for the second month since 2005, but failed to rise further. The market remains hot and very unbalanced in favor of sellers but the situation did not get more extreme. This is largely due to seasonal factors. Between …
With the Cromford® Market Index over 200 for the first time since 2005, the market is obviously hot and remarkably unbalanced in favor of sellers. Demand is some 8% above normal, which is strong but not too unusual. What is unusual is that supply is …
The market is hot and becoming very unbalanced in favor of sellers. Demand recovered suddenly during the second quarter and has stabilized at a level significantly above normal. The last 2 months have seen supply drop sharply from its already low level, so we now …
Buying | Selling | Investing
The month of May 2019 was a monster. New all-time records were set for sales units and dollar volumes through ARMLS, surpassing not only 2018 but the bubble year of 2005.
But let us start with the basics - the ARMLS numbers for June 1, 2019 …
Starting with the basic ARMLS numbers for May 1, 2019 and comparing them with May 1, 2018 for all areas & types:
Starting with the basic ARMLS numbers for April 1, 2019 and comparing them with April 1, 2018 for all areas & types:
The supply situation is even more extreme than last month. Rapidly rising prices have done little to dampen demand.
The supply of active listings without a contract is down 42%, making life extremely difficult for buyers. New listings are still arriving more slowly than normal and …
The current situation is even more remarkable than last month.
Last month I wrote that buyers must hope for a big surge in new listings. Not only did they not get anything close to a big surge, or even a tiny up-tick, they unexpectedly got far …
The current situation is remarkable
The lack of supply can only be described as SHOCKING!!. A 30% decline since this time last year to reach the lowest level since August 2005. This to satisfy a population that has grown more than 20% since 2005. Anyone who …
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