December 12th Market Update

The Cromford Market Index is a reliable way to track short-term real estate trends in Greater Phoenix. It measures the balance between supply and demand, which makes it one of the clearest indicators of whether current conditions lean toward buyers or sellers. When the Index rises, sellers gain leverage. When it falls, buyers see leverage.

Cromford® Market Index values for the single-family markets in the 18 largest cities. Date: 12/11/25

Once again, the trend over the last week has been strongly favorable to sellers. Demand is improving while supply is in decline. Like last week, green circles are outnumbering red circles by 15 to 3. The average change in CMI over the last month is +8.6%, up from +6.4% last week.

Leading the movement in favor of sellers are Peoria, Queen Creek, Fountain Hills, Tempe, Chandler, Gilbert and Maricopa. Paradise Valley is the leading city improving for buyers with its CMI down 4% in the last month, but this is a lot less than 11% last week. It appears to have stabilized with little change in the last 3 weeks. The two others in that group favoring buyers (Avondale and Surprise) declined by 2% or less.

We now have 9 cities in a seller's market, including the 3 biggest markets (Phoenix, Scottsdale, Mesa). This is half of our 18 larger cities, The other half give us 3 balanced and 6 in buyer's markets.

Things are not quite so strong in the secondary cities where we see 3 seller's markets, 1 balanced and 8 buyer's markets.