Saturday, 9th of January 2010 at 04:59:54 AMThe Cromford Report is a statistical analysis that many agents in the Valley of the Sun (Phoenix, AZ) use to track trends and overall health of the real estate market. I’ll start posting the Cromford Index each day on Twitter so you can see how well it is going. Since numbers don’t mean much without some definitions, I’ve posted them here for you to draw some valuable information out of the data:
Cromford Demand Index™ is a value that provides a short term forecast for the demand position within the market. It is derived from the trends in pending and sold listings compared with historical data over the previous four years. Values below 100 indicate a weakness in demand, while values above 100 indicate a stronger than normal demand. A value of 100 indicates a balanced market.
Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years. Values below 100 indicate a buyer’s market, while values above 100 indicate a seller’s market. A value of 100 indicates a balanced market.
Cromford Supply Index™ is a value that provides a short term forecast for the supply position within the market. It is derived from the trends in active and sold listings compared with historical data over the previous four years. Values below 100 indicate a shortage of supply, while values above 100 indicate an excess supply. A value of 100 indicates a balanced market.
To follow the numbers each day, just follow me on twitter: http://twitter.com/CromfordIndex
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