Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities ~
The average change in CMI over the past month is +0.1%, down from +0.8 last week and continuing the downward trend that started last week.
We have only 5 cities showing an increase in their Cromford® Market Index over the past month, while 12 have declined. This is also less positive than last week.
Paradise Valley, Fountain Hills and Goodyear are the biggest movers in favor of sellers. Tempe, Glendale, Gilbert and Maricopa are the primary locations moving in favor of buyers.
Now that Chandler is losing steam, Fountain Hills has a chance to replace it at the top of the table.
11 out of 17 cities are seller's markets. We have 2 cities (Goodyear and Surprise) that are balanced, while 4 are buyer's markets.
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