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March 10, 2022 Market Update

Thursday, March 10, 2022   /   by Bryan Baylon

March 10, 2022 Market Update

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

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Over the last month, 11 of the 17 cities have improved for sellers. The average change in the CMI over the past month is 2.0%, down from 3.7% last week.

6 cities have moved in favor of buyers. Fountain Hills and Maricopa have joined that list. but Tempe has left it.

Mesa and Peoria saw the strongest moves in favor of sellers while Avondale and Goodyear had the strongest moves in favor of buyers.

The market is still heavily favoring sellers, with the lowest CMI in the table at 265.3. The trend is for demand to fade very slowly while supply is stable and remains extremely low. The rate of change is currently very slow.

Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

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