Nov 23 - Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities
Like last week, we have 6 large cities showing an increase in their Cromford® Market Index over the past month. The average change in CMI over the past month is -4.2% while last week we saw -4.8%. The market is still deteriorating for sellers but less quickly than last week.
Fountain Hills is by far the worst performer losing 28% over the most recent month and conceding first place to Chandler, which along with Cave Creek is the best performer.
Peoria has turned around and is now deteriorating while *Paradise Valley has bounced back.
Buckeye, Surprise, Maricopa, Scottsdale and Mesa deteriorated by 7% or more..
Once again we have 7 cities that are seller's markets, though 5 of these are very weak seller's markets at less than 117. 5 cities are balanced and 5 are buyer's markets.
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