Market Update and Forecast

 Looking at short and long term local market predictions...

• What you're looking at below is the most current Cromford Market Index.
  
• Looking at the dials, a balanced market is a score of 100. Supply is 'short' at 35 and demand is 'strong' at 121.9. The algorithm that blends the 2 gives us a continued strong sellers market at a CMI score of 348.7.
• What's noteworthy is that the index is as high as it's been for this time of year in the last 15 years - see Market Index Trend below.
  
• What it suggests, as a proven short term market indicator, is continued appreciation for at least the next few months.
  

• What you're looking at below is the 5-year Forecast for the Phoenix Metro.
  
• What's noteworthy is that the upward trend continues for at least the next 2 years.
  
• What it suggests is continued appreciation.
  
• Keep in mind you can use your Collateral Analytics account to run your specific zip code of interest.

• With inventory hovering near historic lows coupled with continued strong demand, price appreciation will continue...at least for the short term.
  
• When we couple the above with our 'bank grade' Collateral Analytics 5-year Forecast trend, these dynamics don't change for the next couple of years, assuming no major change in overall market dynamics e.g. geopolitical events that have been uniquely favorable to Arizona and the Arizona lifestyle.