Data is Power
Y’all may see me quote the Cromford Report a lot to talk about trends in the real estate market, or when I make the case that prices are actually going up.
Well, you can get a free subscription to the Cromford Report by following this link. It will take you to a page of charts for Phoenix, which show current market status.
But before you go there, I want to point out couple things:
1) Notice how the number of Active Listings has dropped? That means the supply is dropping and pushing prices upward.
2) That is why you see the number of sales per month drop. That, and the fact that there are so many short sales on the market now, which take forever to close!
3) Notice also the difference between the square foot price that homes are listed at and where they are actually selling. I’m still seeing huge drops in price after the appraisers come look at the house. The sellers are being forced to lower their prices. This is great for you if you are a buyer.
Anyway, if you want to geek out on data like I do, and more, you can get that free subscription.
