The Arizona Regional Multiple Listing System (ARMLS) has made the Cromford Report available to subscribing Realtors. This report provides detailed information to track the history and current status of the greater Phoenix residential resale market and offers unique insight into its future direction. It is an excellent tool for Realtors to provide up to date sales statistics and current market snapshots.
The greater Phoenix metro area statistics are favorable as sales are increasing and the market inventory steadily decreases. The local real estate market is most active in the $250,000 & less price range as investors and first time home buyers have jumped in to the market. The current Phoenix inventory is at 4.1 months supply, which is considered ‘normal’ for our area. Other areas/cities range in inventory. A variety of individual stats for a specific city or zip code can be computed. Feel free to contact me for the detailed information you are interested in researching.
The table below provides a detailed statistical analysis of today's residential resale market in the Phoenix metropolitan area as of May 21, 2009. The figures shown are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included.
Geographically, this includes Maricopa County, a large part of Pinal County and a small part of Yavapai County. All dwelling types are included. For-sale-by-owner, auctions and other non-MLS transactions are not included. Land, commercial units and multiple dwelling units are also excluded.
© 2009 Cromford Associates LLC www.cromfordreport.com
Explanation of Column Headings
- ST = SHORT TERM TREND - The arrows in this column indicate the direction of the change between TODAY and LAST MTH
- LT = LONG TERM TREND - The arrows in this column indicate the direction of the change between TODAY and LAST YR
- Color code: The background to the trend arrow is colored green if the direction is favorable for sellers and is colored red if the direction is favorable for buyers. It is colored yellow if the change was zero. If the circle is white then the statistic is neutral for both buyers and sellers.
- TODAY means the date given at the top of the page.
- LAST MTH means the same date last month.
- LAST QTR means the same date three months ago.
- LAST YR means the same date one year ago. 2 YRS AGO means the same date two years ago.
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