Phoenix Housing Market Update: More Cities Shift Toward Buyers This Week

The Cromford Market Index (CMI) is one of the most reliable tools for tracking short-term real estate trends in Greater Phoenix. It measures the balance between supply and demand, and categorizes each city into a Seller’s Market, Balanced Market, or Buyer’s Market. A CMI around 100 (±10) is considered balanced; readings above 110 favor sellers, while scores below 90 indicate a stronger buyer’s market.

Cromford® Market Index values for the single-family markets in the 18 largest cities. Date: 10/30/25

This week, we see a slightly stronger table than last week. 13 cities became more favorable for buyers over the past month while the remaining 5 moved in a direction favorable for sellers. The latter group are Tempe, Buckeye, Fountain Hills, Chandler and Gilbert.

Leading the larger group improving for buyers are Peoria, Goodyear, Scottsdale and San Tan Valley. All the other large cities that moved in favor of buyers did so by 6% or less.

The average change in CMI was -2.1%, up from -2.6% last week. Though the trend still favors buyers, it has been decelerating for 2 weeks now.

We have 6 cities in seller's markets, 5 balanced and 7 in buyer's markets.