market conditions
What to Expect
Gilbert, Arizona is in a Balanced Market. Supply and Demand are nearly equal to one another. With the desire to purchase a home is relatively in-line with the inventory that is available to purchase, Gilbert is in a market where Buyers and Sellers have relatively equal leverage in a negotiation.
In this type of market, Gilbert experiences offers near asking price. Homes spend an average amount of time on the market and may receive multiple offers. Purchasing a home in these conditions is desirable, as the asset is expected to appreciate in-line with the rate of inflation.
What is Cromford?
The Cromford Market Index is a ratio expressing Demand:Supply.
It is a leading indicator telling us where the real estate market is headed.
market conditions
What to Expect
Mesa, Arizona is in a Balanced Market. Supply and Demand are nearly equal to one another. With the desire to purchase a home is relatively in-line with the inventory that is available to purchase, Mesa is in a market where Buyers and Sellers have relatively equal leverage in a negotiation.
In this type of market, Mesa experiences offers near asking price. Homes spend an average amount of time on the market and may receive multiple offers. Purchasing a home in these conditions is desirable, as the asset is expected to appreciate in-line with the rate of inflation.
What is Cromford?
The Cromford Market Index is a ratio expressing Demand:Supply.
It is a leading indicator telling us where the real estate market is headed.
market conditions
What to Expect
Phoenix, Arizona is in a Seller's Market. Demand is somewhat low, at 74.1% of normal. However, Supply is even lower, at 64.9% of normal. With a greater desire for homes than inventory that is available to purchase, Phoenix remains in a market where Sellers have a competitive edge.
In this type of market, Phoenix experiences offers at or above asking price. Homes spend less time on the market and may receive multiple offers. Purchasing a home in these conditions is desirable, as the asset is expected to appreciate at a rate greater than the rate of inflation.
What is Cromford?
The Cromford Market Index is a ratio expressing Demand:Supply.
It is a leading indicator telling us where the real estate market is headed.