By David Iversen | InMaricopa
The housing markets in Maricopa remain firmly in buyers’ territory, with supply far outpacing demand, according to the Cromford Market Index, a widely watched measure of market balance in metro Phoenix.
Mike Orr, who founded the Cromford Report, uses Arizona Regional Multiple Listing Service data to track supply and demand. Orr created a formula to help the real estate industry know which areas are in demand, and which are flooded with options for buyers. His most recent data shows Maricopa with a score of 50.7, indicating roughly twice as many sellers as buyers.
