December 19th 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: 12/18/25

The trend over the last few weeks has been strongly favorable to sellers. In most segments demand is getting stronger while supply continues to decline. 

Like last week, green circles are outnumbering red circles by 15 to 3. The average change in CMI over the last month is +10.1%, up from +8.6% last week.

Leading the movement in favor of sellers are Peoria, Gilbert, Queen Creek, Tempe, Goodyear, Fountain Hills, Chandler, Cave Creek, Phoenix and Glendale. The 3 cities not yet showing a monthly improvement for sellers are showing very mild improvement for buyers. They are Paradise Valley, Surprise and Avondale.

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.

Only 6 of the large cities remain below 100. This table looks much more positive for sellers than we expected this time last month.