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Metro Phoenix Home Sales Data from Your GILBERT REALTOR
Metro Phoenix Home Sales Data from Your Gilbert Realtor
Mid Month Pricing Update and Forecast via The Cromford Report.....
Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days.
For the monthly period ending October 17, we are currently recording a sales $/SF across all areas and types of $83.17 averaged for all areas and types - down 1.5% from $84.39 on September 17. We hit a low point of $81.96 on October 11 and bounced back up a little in the following week. Our forecast range was $80.56 to $83.84 and prices have stayed within that range since September 20.

Today the pending listings for all areas & types show an average list $/SF of $86.66. This statistic has shown a general upward trend since mid September and suggests that we will see some improvement in pricing over the next month. Our mid-point forecast for the average monthly sales $/SF on November 16 is currently $84.04, which is 1.1% above today's actual reading of $83.17, and we have ... more

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