The Cromford Report

Greater Phoenix - Residential Resale


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The Cromford Report ...

is owned and produced by Cromford Associates LLC, an Arizona limited liability company managed by Mike Orr and based in Mesa AZ.

Mike holds a masters degree in Mathematics from the University of Oxford in England and spent 31 years in the computer industry, working for IBM, Amdahl, Splash Technology and the Santa Cruz Operation. In his most recent positions he was President of Tarantella and CEO of Mobilearia.

He first started investing in real estate in 1976 and left the computer industry to focus on real estate in 2002.


The Cromford Report™ provides detailed information to track the history and current status of the Greater Phoenix residential resale market and offers unique insight into its future direction.

Updated daily and usually published online within a few hours, this site is intended for anyone interested in the state of the market and how it affects their investments and livelihood. Our goal is to present data that is timely, informative and easy to understand - data not available anywhere else in this level of detail or immediacy.

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The content of the Cromford Report™ is provided on a subscription basis. To access it for the first time you need to sign-up and obtain a user ID and password. There are two types of subscription:

ARMLS Subscription - if you are already an active subscribers to the Arizona Regional Multiple Listing Service

Regular Subscription - for everyone else

Please click on the appropriate underlined link above to sign-up.

If you are already signed-up you may select any part of this site from the menu at the left and then enter your user ID and password when prompted. You can also manage your account, log-in or log-out from the Subscriptions tab on the left.

Market Statistic
Pending Listings 14,013 record high 4/24/09
Monthly Sales $/SF $82.16 record low 4/6/09
Average Price - Monthly Sales $155,865 record low 4/6/09
Median Price - Monthly Sales $115,050 record low 4/21/09
Annual Sales $/SF as % Peak 58.3% record low 4/26/09
Monthly Sales $/SF as % Peak 43.3% record low 4/6/09
Appreciation - Monthly $/SF -44.4% record low 4/6/09
Appreciation - Annual $/SF -35.0% record low 4/25/09
Appreciation - Monthly Median $ -45.7% record low 4/21/09
Appreciation - Annual Median $ -33.3% record low 4/24/09
Appreciation - Long Term $/SF 1.4% record low 4/26/09
Annual Growth in Pending Listings 102.2% record high 4/3/09
Days on Market - Active Listings 170 record high 4/26/09
Active List Price $/SF Premium 116.9% record high 4/25/09

These are based on the current millennium (2001 onwards). The figures shown are for the entire ARMLS area and all dwelling types are included. For-sale-by-owner, auctions and other non-MLS transactions are not included. For more detailed information on record highs and lows please see the Extremes section (available to subscribers only).

The Cromford Report is designed to help you answer your questions about the Greater Pheonix residential real estate market. For example:

  • How does today's market compare with the same time last year?
  • Which price range is selling fastest over the last month?
  • In which city are REO buyers most active right now?
  • Which is the cheapest area to buy a resale home?
  • How long is it taking to sell a home in my ZIP code?
  • What is the balance of supply and demand for resale homes in my city?
  • What proportion of homes for sale are short sales or pre-foreclosures?
  • Where are prices changing fastest?
  • What percentage of listings are finding a buyer before they are canceled or expire?
  • Are today's list prices realistic compared with achieved sales prices?

You can find tools to help you answer all the above questions, and many more, within the Cromford Report web-site.