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October 13, 2022 Market Update

Thursday, October 13, 2022   /   by Bryan Baylon

October 13, 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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The number of cities with an improved CMI over the past month has fallen again to just 3. Scottsdale and Glendale have turned negative leaving just 3 cities all in the Southeast valley.

The deterioration in the market is accelerating with the average monthly change in CMI at -4.6%, considerably worse than -2.4% last week.

We see notable declines in Paradise Valley and Fountain Hills, both leaders in the table for several months but now showing signs of weariness. No city is above 160 and 13 are below 100.

Market insights 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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