MARKET · JUNE 8, 2026 Monday Market Update: Foreclosures Are Still 50% Below Normal The fear-driven headlines do not match the data. Trustee sale activity in Maricopa County sits far below its historical baseline, even as local prices firm and the Cromford Index holds at 81.6. The Signal It is

      MARKET · JUNE 1, 2026 Monday Market Update: Phoenix Lags the National Rebound The Case-Shiller index released today puts Phoenix 18th of 19 cities for monthly price growth. Locally, prices firmed but the Cromford Index kept cooling to 81.6. The Signal The S&P CoreLogic Case-Shiller index lande

      MARKET · MAY 25, 2026 Monday Market Update: Rates Spike, Market Keeps Sliding The 30-year fixed jumped to 6.75% this week on bond market weakness. The Cromford Index drop accelerated to 1.5%. The Signal The drift kept accelerating this week. The average Cromford Market Index across the 16 citi

      MARKET · MAY 18, 2026 Monday Market Update: Sellers Lose Ground, Faster The pace of the rebalance just tripled. The Cromford Index fell 1.0% this week versus 0.3% last week. The Signal The rebalance we have been tracking through the spring just picked up speed. The average Cromford Market Inde

    MARKET · MAY 11, 2026 Monday Market Update: Builders Buckle, Resale Holds the Line New home market share collapses to 15.3%, the lowest reading in four years, while existing-home sales absorb the slack. The Signal Maricopa County's April affidavits draw a sharp line down the middle of this marke

  Monday Market Update · May 4, 2026 A Two-Speed Phoenix Market: Demand Holds, Prices Slip Under-contract listings climbed 7.7% year over year while average price per square foot dropped 3.4% from last month. Luxury keeps surging. The bottom of the market keeps grinding. Active inventory across the

The shift we have been tracking for the last several weeks has effectively stalled. Seven cities are now moving in a direction that favors buyers, two more than last week. Eleven cities are still tilting toward sellers. The overall single-family detached market remains slightly seller-leaning when z

  Market Update April 20th, 2026   Something quietly remarkable is happening in the Phoenix metro housing market! The average home sold through ARMLS has grown from roughly 1,810 square feet in 2006 to 2,035 square feet today. That is a 12% increase in the typical home size, and almost a third of th

  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