Published August 14, 2023

Real Estate Update - August 14

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Written by Paul O'Connell

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Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities


Over the last month the market has moved slowly and slightly in a direction favorable to buyers, but this has made precious little difference. We are still in a seller's market in 15 of 17 cities and in a balanced market in Maricopa and Queen Creek.

The average CMI change in these 17 cities over the last month was -5.0%, less negative than last week when we measured -6.0%.

Only 2 cities continue to show a positive change from this time last month, Buckeye and Cave Creek. Buckeye continues to improve for sellers and has overtaken Maricopa. Now it is taking aim at Goodyear.

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Paul O'Connell

REALTOR®/Associate Broker/Team Lead | HouzAZ & Associates | Realty One Group

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