On October 21, the Cromford® Market Index for the market as a whole (all areas and dwelling types) fell to 69.9. It has not been below 70 since March 12, 2009. Any reading below 90 means the market favors buyers, and 69.9 is signaling that buyers are seizing control. This has been a steady slide,…
Observations
Who Still Gets a Mortgage Rate Below 4%?
Mortgages below 4% have been rare since 2023. Federal mortgage data shows which lenders still make them in Maricopa and Pinal counties, and how many buyers took over a seller’s loan.
Phoenix Urban Villages Added to the Cromford® Market Index
The City of Phoenix is about 25% of the Greater Phoenix area, and we measure it with a single CMI. This hides a lot of detail because the market can vary widely across the area. Today, we decided to do something about it. We have added 14 of the City of Phoenix’s 15 urban villages…
Mid-Month Pricing Update and Forecast
For the monthly period ending October 15, we are currently recording a median sales $/SF of $250.34 across all areas and types in the ARMLS database. This is down just 0.1% from the $250.51 we now measure for September 15. It is the third monthly decline in a row, but by far the smallest. Year…
Homes2x: Added to iBuyer charts
Opendoor and OfferPad have another local competitor. Homes2x LLC made its first purchase in Maricopa County in January 2025 and has bought homes every month since. By early October 2026, it had bought 194 homes in Maricopa and Pinal Counties (163 and 31, respectively) and resold 157, leaving 37 still on its books. That is…
CMI Large City Ranking Table October 15, 2026
The weekly Cromford® Market Index ranking for the 18 largest Greater Phoenix cities, showing where each city sits now and how it has moved over the past month.
Northeast Valley: How Is It Different?
By now, we all know that the Northeast Valley has been the standout region for price per square foot over the last 4 years. For homes that closed in the 12 months to August 2026, the median $/SF is $425.73. That is 2.8% higher than a year earlier and 11.6% higher than three years earlier,…
Updates to the Cromford® Market Index for Secondary Cities
We updated the Cromford® Market Index for our secondary cities and added Coolidge, Florence, Waddell, and Wickenburg. Here is what changed and why.
CMI Large City Ranking Table October 8, 2026
The weekly Cromford® Market Index ranking for the 18 largest Greater Phoenix cities, showing where each city sits now and how it has moved over the past month.
What the New Cromford® Report Website Offers Subscribers
A guide to what the new Cromford® Report website already offers subscribers: easier ways to find a chart, faster charts, new pages, and clearer rules for sharing.