04/17/2023
Locality Real Estate takeaways from latest Cromford Report update.
• 14 out 17 biggest cities are favoring Sellers
• 3 Buyers Markets - Queen Creek (mild Buyer’s Market moving to balance), Maricopa (fast-improving) and Buckeye
• Sales price measures have now risen for 4 months straight, average price per square foot has recovered 5.7% since December
• Supply decreasing at an alarming rate - average deficit of 54 listings per day since April 1st
• Supply is 40% below normal
• iBuyer inventory active supply = 3-4% (12% back in August)
• % of closings with concessions is down 52% in January to just 39% last week
