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
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…
CMI Large City Ranking Table July 16, 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.
Mid-Month Pricing Update and Forecast
For the monthly period ending July 15, we are currently recording a sales $/SF of $304.32, averaged across all areas and types in the ARMLS database. This is up 0.4% from the $301.22 we now measure for June 15. Our forecast range midpoint was $307.78, so this month we got the direction right but overestimated…
The 21st Century Road to Housing Act
After some important changes, the Senate and Congress, with both Republicans and Democrats, have agreed on the content of an act to reform how housing is governed in the USA. Despite the President not signing it, the Act will become law today (July 11). To someone following the housing market, what was left out of…
CMI Large City Ranking Table July 9, 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.
Market Summary for the Beginning of July 2026
The market situation in early July is clearly better than it was in July 2025 across all the above metrics, but is more mixed when comparing with last month (June). On the positive side, we have a slightly higher % of list achieved than a month ago, and inventory and supply measures are lower (a…
Maricopa Affidavit Statistics for June 2026
June 2026 had 21 working days, one more than June 2025 and May 2026. This means it would be fair to expect 5% more closings than for both the month-over-month and year-over-year comparisons. The resale closings far exceeded that target, up 12.3% year-over-year, but new home sales were very weak, down more than 20%. The…
CMI Large City Ranking Table July 2, 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 June 2026
The latest S&P Cotality Case-Shiller® Home Price Index® numbers were published today. The new report covers home sales from February to April 2026. This means the typical home sale closed in mid-March, more than 3 months ago. We should remember that Case-Shiller data is based on old sales data and does not include data from…