Sellers continue to quietly gain ground across the Phoenix metro. The number of cities moving in a direction favorable to sellers held at 12 this week, while only 6 are shifting toward buyers, the same count we have seen for three consecutive weeks now. Goodyear, Tempe, Maricopa, and Fountain Hill

Market Update April 6th, 2026   March affidavit data from Maricopa County confirms what the weekly numbers have been hinting at: the Phoenix market is splitting into two very different stories. Resale homes are holding their ground. New home builders are not.   There were 7,268 closed transactions i

Market Update March 30th, 2026   Twelve of the eighteen largest cities in the Phoenix metro are now moving in a direction favorable to sellers, up from eight just two weeks ago and the strongest seller reading we have seen since the start of the year. The average Cromford Market Index climbed 1.7%,

Market Update March 23rd, 2026 The turnaround we forecasted last week has arrived! The average Cromford Market Index is up 0.2%, marking the first positive move for sellers after weeks of decline. It is not exactly emphatic, but it confirms the momentum shift we have been tracking for four consecuti

Market Update March 16th, 2026 Three weeks ago we flagged the first signs of a momentum shift. Two weeks ago the data confirmed it. This week, the trend is accelerating! The number of cities moving in a direction favorable to buyers has dropped from 15 to just 10, while eight cities are now moving i

After eight sluggish weeks to start the year, the demand side of the market is finally showing real signs of life! Listings under contract have now outpaced the same week in each of the last three years for two consecutive weeks running. We're still a long way from the 2021 and 2022 frenzy, but back

The Arizona MLS system has just recorded the highest-ever average monthly sales price across all areas and property types at $664,700. At first glance, this may seem inconsistent with current market conditions, where supply is plentiful, and overall demand remains below normal. However, the confusio

The number of cities trending in favor of buyers has slipped slightly from sixteen to fifteen over the past week, while three cities are now moving in favor of sellers. Although that shift suggests mild stabilization, the broader trend still favors buyers. The average change in the Cromford Market I

Over the past week, the number of cities shifting in favor of buyers has increased from thirteen to sixteen, leaving only two cities moving in a direction favorable to sellers. The average change in the Cromford Market Index has declined by 6.0 percent, a much steeper drop than last week’s 3.6 perce

Over the past several years, pricing trends across the Valley have increasingly diverged, especially between luxury-focused areas and the rest of the market. A newly released chart tracking median sales prices by region rather than by city or ZIP code highlights this split clearly. While overall dol

Over the past month, conditions across these secondary markets have improved modestly for sellers. Previously, the balance of movement favored buyers, with more cities showing red than green. That picture has now flipped. Green indicators now outnumber red by a margin of seven to five, signaling a g

A year-over-year comparison of ARMLS data shows that the Greater Phoenix housing market has changed only modestly since this time last year. Looking at all property types and areas, supply is clearly higher. Active listings are up nearly 10 percent compared with January 2025, and the average price p

The latest data shows a clear shift in buyer preference away from apartment-style homes and toward single-family detached properties. Apartment-style sales declined by 12 percent compared with the prior year, while single-family detached homes saw a 5 percent increase in sales. That kind of divergen

The proposal to ban institutional investors from purchasing homes has gained renewed attention, but turning this idea into law would be far more complex than announcing it. Defining what qualifies as an institutional investor is legally tricky. Large Wall Street firms are easy to identify, but many

The real estate market continued to strengthen for most sellers throughout December, reinforcing the positive momentum that has been building in recent weeks. Of the eighteen cities tracked, only Paradise Valley experienced a decline in market conditions over the month. Sixteen cities improved for s

The holiday season delivered a welcome boost for sellers across Greater Phoenix, with market conditions improving in nearly every city. The Cromford Market Index moved higher in 17 of the 18 tracked cities over the past month, and in twelve of those cities the increase exceeded ten percent. This bro

The condo and townhome sector continues to contract, and the latest annual sales numbers make that trend clear. While some nearby markets have shown encouraging momentum in other property types, attached housing is moving in the opposite direction. The most recent annual total stands at 9,259 sales,

The housing market continues to lean in favor of sellers this week. Demand is climbing, while supply is trending lower, pushing the market balance further toward sellers. Green indicators dominate again, with 15 cities showing improvement for sellers versus only 3 favoring buyers. The average month-

The average price per square foot in Greater Phoenix just hit a record high of $318.38, up from $296.87. While this figure reflects only one week of closings, it’s still based on 1,243 transactions, which is enough to flag a real trend. So what’s driving this sudden spike in $/SF? Surprisingly, sale

Some recent claims circulating online suggest that FHA loans are “the new subprime,” warning of high default risk and market instability. While FHA loans do carry higher delinquency rates than conventional loans, that’s by design; they’re meant to help riskier borrowers, such as first-time buyers, e