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.
News and Commentary
Price Trends 2023-2026
The general trend in pricing over the last 3.5 years depends very much on which price segment you are looking at: Under $500,000, the 12-month moving average $/SF has declined significantly, by 7% since Jan 2023 Between $500,000 and $1,000,000, the 12-month moving average has declined slightly, by 1.5% Between $1,000,000 and $3,000,000, the 12-month…
CMI Large City Ranking Table June 18, 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.
Listing Under Contract Ahead of 2024 and 2025
Throughout 2026, the number of listings under contract has remained ahead of 2025 and even 2024, except for 1 week in mid-January. We are now well into the hot summer months, when demand tends to lose momentum, but as of June 13, we see a 5.3% advantage for 2026 with 8,661 over 2025’s 8224. Neither…
FHA Loan Delinquency Rates Skyrocket
The latest data from the FHA show that the share of loans more than 90 days delinquent increased by nearly 200 basis points between October 2025 and February 2026. A simplistic TLDR might lead us to conclude that low-end homeowners are becoming overstressed financially and that a wave of foreclosures could soon emerge. But this…
CMI Large City Ranking Table June 11, 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.
Foreclosures
Now seems like a good time to discuss where we are with foreclosures. Actually, the legally correct term is Trustee Sales, but people who have not been through Real Estate School are more familiar with the term foreclosures. The chart above shows monthly foreclosures from January 2002 to May 2026. It is only for Maricopa…