How to Predict when Home Values Will Fall: December 2021
(Published on - 12/7/2021 4:51:01 AM)
Contract Ratio: A Clear Predictor of When Home Values Will Fall. December 2021
How do you know that if you buy a home now, you will still be taking advantage of today's amazing home appreciation? Take a look at Contract-to-Active-Listing-Ratio, a firm indicator of SuppLy and Demand. Here in Maricopa County (Phoenix Metro) as of December 1 we had 6,157 listings, but another 11,014 homes under contract. That is completely upside down. It indicates that there is no possibility of prices going down in the near future. The graph below shows this ratio dating back to 2014. The Supply and Demand chart below that shows how totally different today's HIGH Demand and LOW Supply differs from the same snapshot in 2005.
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One thing remains constant and is even more true than ever: Your Home Equity is a significant asset in your portfolio and you deserve expert guidance. Is Now a Good Time to Buy or Sell a Home? Call Denise 602-980-0737, celebrating a 36 year career in Arizona Real Estate.
