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.
Observations
Maricopa Affidavit Statistics for July 2026
July 2026 had 22 working days, the same as July 2025 but one more than June 2026. This means the year-over-year comparison needs no calendar adjustment, while it would be fair to expect about 5% more closings than in June. Total closings came in at 6,210, up 1.7% year-over-year, and because the working days match…
Market Summary for the Beginning of August 2026
The market in early August presents a more mixed picture than we saw a month ago. Compared with July 2025, the completed numbers still look good — closed listings, average $/SF, median sales price, the annual sales rate and monthly dollar volume are all higher. But the forward-looking measures have turned: listings under contract, pending…
New Chart Posted
For our new website, coming later in 2026, we have developed a home-grown charting Cromford technology. This allows us to offer many features we haven’t been able to provide to our subscribers before. To give you some idea of what the new charts offer, I have posted a replacement for the Squirrel chart that shows…
CMI Secondary City Ranking Table – July 2026
The monthly Cromford® Market Index ranking for the secondary Greater Phoenix cities, showing where each city sits now and how it has moved over the past month.
Case-Shiller Home Price Index – Adjusted for Inflation
We publish Case-Shiller Index numbers for 20 metro areas in a line chart that lets you compare the 20 cities. However, until now these have been the simple numbers published by S&P/Cotality. The chart has just been modified so you can see the effect of inflation on house prices in the same 20 cities. You…
CMI Large City Ranking Table July 30, 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.
S&P/Cotality Case-Shiller Indexes for July 2026
The latest S&P Cotality Case-Shiller® Home Price Index® numbers were published today. The new report covers home sales from March to May 2026. This means the typical home sale closed in mid-April, more than 3 months ago. We should remember that Case-Shiller data is based on older sales and does not include data from June…
CMI Large City Ranking Table July 23, 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.
Most Homes Are Not Getting More Expensive
If we look at the annual median sales price across Greater Phoenix, we can see that it has been close to $450,000 for a very long time. However, it just reached a high of $454,000 on July 18, suggesting that homes are getting slightly more expensive. This is because the chart (and most people) ignore…