This Fluctuating Market, Man! Part 3 of 11

Our friends at the Cromford Report are tracking supply and demand, as well as the many other indicators in the real estate market. 

Here’s an odd situation that you don’t see much in the market: both the supply and the demand are below “normal”, as defined as the Cromford Index at 100, otherwise known as a balance between seller and buyer advantage.

So, the bit question is whether demand will drop to meet supply or whether supply will rise to meet demand. 

We’ve already seen a drop in demand in the market, and we know that flippers are exiting the market right now, so history indicates that supply and demand will meet soon.

What does that market feature mean for you?

SELLERS: focus on making your property look great. Make it shine. Also, from now until early June is the high season. Sell now if you are going to sell this year!

BUYERS: don’t expect to get big discounts, but don’t be afraid to haggle.

Call us directly for more insights at 602-456-9388.