Weekly – Cromford Report

Price Changes, Days at the Final Price and Sale Price by Region

About this chart

This chart shows how many times homes changed their list price before going under contract, and what that meant for how long they took to sell and the price they sold for, by region. Each closed resale is grouped by the number of list price changes before the contract that closed, from none to five or more. Price increases and price cuts both count as a change.

The top chart compares two figures for each group. The wide bar is the median Cromford® Days on Market. The solid bar inside it is the median number of days the home spent at its final list price, the price that found the buyer. However long a home was on the market, the time it spent at the price that sold it is usually much shorter.

The top two charts compare any two years from 2020 on, picked with the selectors above them. The lower left chart shows the median sale price as a percentage of the final list price (solid line) and of the initial list price (dashed line). The lower right chart shows the share of closings in each group for the years ticked in the Year panel.

The map shades every ZIP code with its region’s figure for one year at a time, chosen with the year selector above it, so each region reads as one block. A few ZIP codes lie in two regions; they are striped in both regions’ shades and their closings count in both. Regions not ticked in the Region panel are faded. Click a ZIP code to show its region alone in the charts.

Days count while the home was Active or Coming Soon, up to the contract that closed. A contract that fell through does not reset the count. New construction is excluded. Years are by closing date, and the current year is year to date. The chart opens on 2021 and the current year in the Greater Phoenix regions, with manufactured and modular homes left out.

Price Changes, Days at the Final Price and Sale Price by City and ZIP Code

About this chart

This chart shows how many times homes changed their list price before going under contract, and what that meant for how long they took to sell and the price they sold for. Each closed resale is grouped by the number of list price changes before the contract that closed, from none to five or more. Price increases and price cuts both count as a change.

The map shades each ZIP code for one year at a time, chosen with the year selector above it. ZIP codes with fewer than 20 closings are shown in gray. Click a ZIP code to show it alone in the charts.

Days count while the home was Active or Coming Soon, up to the contract that closed. A contract that fell through does not reset the count. New construction is excluded. Years are by closing date, and the current year is year to date. The chart opens on 2021 and the current year in Maricopa and Pinal counties, with manufactured and modular homes left out.

Brand Listing Success Rate

About this chart

This chart compares how often the listings of each real estate brand sell, together with the median list price and average year built of the homes it lists. It covers listings added to ARMLS in the last two years, new homes and resales alike, and the success rate is the share of them that closed rather than expired or being cancelled.

A listing counts once it has closed, expired, or been cancelled. Listings that are still active, under contract, or temporarily off the market are not counted yet, so the most recent months contribute fewer listings than earlier ones. Brands with fewer than 200 such listings are left out.

Each listing is credited to the brand of its listing office, so all the offices of a franchise or brokerage count together. An office that does not belong to a larger brand is shown under its own name.

New-home builders and iBuyers list their own inventory rather than acting as an agent for a seller, and some brokers specialize in listing homes owned by institutional investors; all three tend to show unusually high success rates for that reason.

The bars rank every brand by success rate and then by the number of listings. Hover over a bar for the counts and median list price. The table below can be searched by brand name and sorted by clicking a column heading.

Office Listing Success Rate

About this chart

This chart compares how often each brokerage office’s listings sell. It covers listings added to ARMLS in the last 12 months, and the success rate is the share of them that closed rather than expired or being cancelled. Each listing is credited to its listing office.

A listing counts once it has closed, expired, or been cancelled. Listings that are still active, under contract, or temporarily off the market are not counted yet, so the most recent months contribute fewer listings than earlier ones. An office needs at least 50 such listings in the selection to appear.

Narrow the comparison with the County, Region, City, Dwelling Type, and Price Range controls; the City list follows the county you pick, and you can tick any combination of the 16 price ranges. New Construction lets you include or exclude homes built this year or in the previous two. The tiles show the totals and the overall success rate for the selection, as a yardstick for each office.

The bar chart shows the top 10, 25, 50, or 100 offices, ranked by success rate and then by the number of listings. The table below lists every office that qualifies; search it by office name or ID, and click a column heading to sort by it. Many brokerages have several offices with the same name, so the table shows each office with its ARMLS office ID.

Offices that list new homes for a builder, or homes for an iBuyer or an institutional investor, are listing their own client’s inventory and tend to show unusually high success rates for that reason.

Agent Listing Success Rate

About this chart

This chart compares how often each listing agent’s listings sell. It covers listings added to ARMLS in the last 12 months, and the success rate is the share of them that closed rather than expired or being cancelled. Each listing is credited to its listing agent.

A listing counts once it has closed, expired, or been cancelled. Listings that are still active, under contract, or temporarily off the market are not counted yet, so the most recent months contribute fewer listings than earlier ones. An agent needs at least 10 such listings in the selection to appear.

The bar chart shows the top 10, 25, 50, or 100 agents, ranked by success rate and then by the number of listings. The table below lists every agent that qualifies, with the office they listed through most often. Search it by name, agent ID, or office, and click a column heading to sort by it.

A high rate on a handful of listings means less than the same rate on many, so read the success rate together with the number of listings.

HOA Fees for High-Rise Condos

About this chart

This chart shows the monthly HOA fees stated in ARMLS listings for 35 high-rise condo buildings in Maricopa County, from 1999 to the latest listing shown at the top. The fee is the total monthly amount for every association the unit belongs to. Listings that do not give a fee are left out.

Pick a building from the Building list; the chart opens on 3rd Avenue Lofts. The Summary view has two charts. The first shows each listing as a bubble at its list date and fee, and a bigger bubble is a bigger unit. The second shows the median and average fee for each calendar year; the current year runs only to the latest listing. The tiles above give the number of listings, the median and average for the latest full year, and the latest listing.

Use Show to switch between the monthly fee and the fee per square foot, and Dollars to switch between the fees as listed and fees adjusted for inflation, restated in today’s dollars using the US Consumer Price Index. The Detailed view shows all six charts at once: the fee and the fee per square foot for every listing, and the yearly median and average of each, both as listed and adjusted for inflation.

The median is the better guide to a typical fee: one unusual unit moves the average but not the median. Hover over a bubble to see the unit, MLS number, list date, fee, size, and fee per square foot.

Price Range Market Snapshot

About this chart

This table shows 20 measures of the market for single-family detached homes in Greater Phoenix, for one list price band at a time, from under $300K up to $10M and over. Pick the band with the buttons at the top.

Each measure is shown today (the 1st of the month), a month ago, a quarter ago, a year ago, and two years ago, so you can see how that part of the market has moved. The ST and LT marks compare today with last month and with last year, colored by whether the change favors sellers or buyers.

It covers supply (active listings, UCB / CCBS, pending, days inventory, months of supply), demand (sales per month and per year, days on market, listing success rate, contract ratio), and pricing ($/SF of active, under contract, and sold homes, appreciation, sale price as a percentage of list, and dollar volume).

Active Listings (including UCB & CCBS) – Long Term

About this chart

This chart shows the number of active listings, for the whole ARMLS market, all areas and all dwelling types, as one bar per month since January 2001. Each bar is the reading on the 15th of the month, stacked to show Active listings and UCB / CCBS listings (under contract but still marked active). Rising inventory gives buyers more choice; falling inventory favors sellers.

Untick UCB / CCBS to show Active listings alone, or tick Coming Soon to add homes about to go active.

Hover over a bar to see the exact figure for that month.

Active Listings (excluding UCB & CCBS) – Long Term

About this chart

This chart shows the number of active listings, not counting UCB / CCBS listings (under contract but still marked active), for the whole ARMLS market, all areas and all dwelling types, as one bar per month since May 2005, when the two were first counted separately. Each bar is the reading on the 15th of the month. Rising inventory gives buyers more choice; falling inventory favors sellers.

Tick UCB / CCBS to stack those listings on top, or Coming Soon to add homes about to go active.

Hover over a bar to see the exact figure for that month.

Active Listings (including UCB & CCBS) – Monthly

About this chart

This chart shows the number of active listings, including UCB / CCBS listings (under contract but still marked active), for the whole ARMLS market, all areas and all dwelling types, read on the 15th of each month. Rising inventory gives buyers more choice; falling inventory favors sellers.

Each year has its own line, laid out by month, so you can compare this year with earlier years at the same point in the season. It opens on the last four years; tick any year back to 2001 in the Year panel.

Hover over a line to see the exact figure for that month.