Market Summary for the Beginning of September
Here are the basics - the ARMLS numbers for September 1, 2020 compared with September 1, 2019 for all areas & types:
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:
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:
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 ...
Cromford Market Index Meaning... Balanced Market is 100. Above 100 is a Sellers Market. Below 100 is a Buyers Market...
Cromford Market Index™ ...View More
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 ...View More
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 ...View More