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 long as Demand is higher than supply.

 

Please reference the below charts that support the Gilbert Market Overview!

 

New Listings

 

New Contracts: Down, but still strong.  Back On Market... Almost Unchanged.

 

 

Market Balance:  Sellers Market @ 239... (Neutral is 100)

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 compared with historical data over the previous four years. Values below 100 indicate a buyer's market, while values above 100 indicate a seller's market. A value of 100 indicates a balanced market.

 

Heat Map:  Hotter and Frenzied!

 

Pricing: will continue with upward pressure until we have a shift and supply is higher than demand.

(Information provided by The Cromford Report.)

 

Troy Holland

Realtor, HomeSmart

www.FlatFee-NoFee.com

Best of Zillow!