| Rank | July 16, 2026 | CMI Now | Chg | CMI Last Month | |
|---|---|---|---|---|---|
| 1 | Fountain Hills | 173.5 | ▼ | -2% | 177.8 |
| 2 | Paradise Valley | 147.0 | ▲ | 14% | 129.1 |
| 3 | Scottsdale | 143.2 | ▲ | 5% | 135.8 |
| 4 | Chandler | 137.0 | ▼ | -9% | 151.2 |
| 5 | Phoenix | 123.4 | ▼ | -1% | 124.5 |
| 6 | Glendale | 123.3 | ▲ | 6% | 116.6 |
| 7 | Cave Creek | 120.3 | ▲ | 7% | 112.6 |
| 8 | Mesa | 118.5 | ▼ | -2% | 120.7 |
| 9 | Gilbert | 106.6 | ▼ | -6% | 112.9 |
| 10 | Avondale | 101.4 | ▼ | -5% | 107.1 |
| 11 | Peoria | 99.7 | ▲ | 6% | 94.1 |
| 12 | Tempe | 96.2 | ▼ | -9% | 105.9 |
| 13 | Goodyear | 77.9 | ▼ | -4% | 80.9 |
| 14 | Surprise | 77.5 | ▲ | 3% | 74.9 |
| 15 | San Tan Valley | 60.0 | ▼ | -12% | 68.3 |
| 16 | Maricopa | 58.1 | ▼ | -9% | 63.7 |
| 17 | Buckeye | 55.4 | ▲ | 0% | 55.1 |
| 18 | Queen Creek | 50.6 | ▼ | -6% | 53.8 |
The average CMI is down 1.3% from last month. This is the same monthly change we measured last week, showing a small deterioration in the situation for sellers. Supply has stabilized and is no longer coming down, but demand continues to slowly weaken. Both changes mean there is little change being felt in the market from this time last month.
The number of cities moving in a direction favorable to buyers is eleven, one more than last week. We have seven moving in a direction that is favorable to sellers. Paradise Valley has improved the most for sellers (+14%), with Cave Creek a distant second at +7%. In the other direction, Tempe is still showing a significant move in favor of buyers at -9%, but has been overtaken by San Tan Valley (-12%) and is rivaled by Chandler also at -9%. The Southeast Valley is still looking weak relative to the rest of Greater Phoenix, with the Northeast Valley and the Northwest Valley holding up better.
We once again have 8 cities in a seller’s market, 4 balanced, and 6 in a buyer’s market.