| Rank | July 23, 2026 | CMI Now | Chg | CMI Last Month | |
|---|---|---|---|---|---|
| 1 | Fountain Hills | 172.1 | ▼ | -5% | 181.5 |
| 2 | Paradise Valley | 162.1 | ▲ | 23% | 131.3 |
| 3 | Scottsdale | 143.7 | ▲ | 4% | 138.5 |
| 4 | Chandler | 136.3 | ▼ | -8% | 147.5 |
| 5 | Glendale | 124.3 | ▲ | 7% | 116.5 |
| 6 | Phoenix | 123.4 | ▼ | 0% | 123.8 |
| 7 | Cave Creek | 123.2 | ▲ | 8% | 113.9 |
| 8 | Mesa | 117.5 | ▼ | -2% | 120.4 |
| 9 | Gilbert | 106.2 | ▼ | -4% | 110.9 |
| 10 | Avondale | 101.7 | ▼ | -5% | 106.7 |
| 11 | Peoria | 99.1 | ▲ | 3% | 96.0 |
| 12 | Tempe | 93.5 | ▼ | -9% | 103.3 |
| 13 | Surprise | 78.2 | ▲ | 3% | 75.7 |
| 14 | Goodyear | 77.7 | ▼ | -4% | 81.1 |
| 15 | San Tan Valley | 59.2 | ▼ | -11% | 66.5 |
| 16 | Maricopa | 58.0 | ▼ | -8% | 62.9 |
| 17 | Buckeye | 55.0 | ▼ | -1% | 55.5 |
| 18 | Queen Creek | 50.3 | ▼ | -5% | 53.3 |
The average CMI is down 0.8% from last month. This is marginally less favorable for buyers than last week. The market just does not seem to be able to make up its mind which direction to head. Supply has stabilized but is still drifting down slightly, while demand remains weak but has stopped getting worse. This does not add up to a perceptible change in the market as a whole, though several sub-markets are changing to a greater degree.
The number of cities moving in a direction favorable to buyers is twelve, one more than last week. We have only six moving in a direction that is favorable to sellers. Among these, Paradise Valley stands out for sellers with an exceptional +23%, with Cave Creek and Glendale far behind at +8% and +7%. In the other direction, the Southeast Valley is the main region moving in favor of buyers at the moment. San Tan Valley (-11%), Tempe (-8%), Chandler (-8%), and Maricopa (-8%) feature prominently in the list of 12 cities moving in this direction.
We once again have 8 cities in a seller’s market, 4 balanced, and 6 in a buyer’s market.