Phoenix Real Estate Market Update – Latest Cromford Index Changes

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: 11/13/25

We see a stronger table than last week. Nine cities became more favorable for buyers over the past month, while the other nine moved in a direction more favorable for sellers. The cities that jumped from red to green were Gilbert, Queen Creek, and Maricopa. Phoenix moved from yellow to green as well.

Leading the group of nine improving for buyers are Paradise Valley, Peoria, Goodyear, and San Tan Valley. Every other large city shifting toward buyers did so by five percent or less.

The average change in the CMI was -0.6 percent, up from -2.1 percent last week. The trend still favors buyers, but it’s getting noticeably weaker as we move through November, and a reversal is likely within the next two weeks. Supply is no longer trending upward, while demand is slowly gaining momentum.

Right now, we have six cities in seller’s markets, five in balanced markets, and seven in buyer’s markets.

CMI decode:
Green up arrow = month-over-month improvement for sellers, meaning the Cromford Index is above 110
Red down arrow = month-over-month improvement for buyers, meaning the Index is below 90
90–110 = balanced
≥110 = sellers market
≤90 = buyers market

We’re seeing all three types of markets across the Valley - a truly trifurcated landscape.