Published June 10, 2020
Surprising Cromford Market Takeaways On Their Latest Covid-19 Situation Report!
- Weekly contracts (May 31 - June 6) outperform 2019 levels!
- We are still in a very heavy seller's market.
- Currently at 10,333 active listings as of Saturday, June 6; 25,000 active listings would be "normal" inventory.
- Contracts are up 68% since April 5th!
- In the over $500K market, contracts are up 159% since April 5th!
- Frenzy and insanity levels of activity are most evident in the under $400K market.
- Retirement
communities are in balance (neither a buyer's or seller's market) due
to lack of seasonal visitors and poor performance on retirement
portfolios.
- Annual appreciation of homes under $500K is up 8.5%!
- ARMLS rental rate appreciation is up 7.4% (time to convince anyone in your database renting to buy!).
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SHANNA DAY, 480-415-7616
for any questions or more information!
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Shanna Day Dream Home Team
Keller Williams Realty East Valley
480-415-7616
Surprising Cromford Market Takeaways On Their Latest Covid-19 Situation Report!
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