The overall market (all areas & types within the ARMLS database) has seen its Cromford® Market Index fall below 110. This is the first time the CMI has dropped below 110 since February 17, 2015.

We officially declare the market to be balanced. It will remain so while the CMI lies between 90 and 110.

Things vary a lot between segments however. Locations such as Surprise, Gilbert, Tempe, Maricopa, Litchfield Park, Buckeye, Queen Creek & San Tan Valley are buyer's markets, while Fountain Hills, Paradise Valley, Scottsdale and Cave Creek are seller's markets.

Market insights provided by The Cromford Report.