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April 7, 2022 Market Update

Thursday, April 7, 2022   /   by Bryan Baylon

April 7, 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, 3 of the 17 cities have improved for sellers while 14 have deteriorated. Although we still have a market that strongly favors sellers, the trend is now towards a more balanced market. The average change in the CMI over the past month is -6.4% whereas it was -3.2% last week. The cooling of the market has accelerated, but it remains extremely hot compared to normal.

Cave Creek moved lower the most, followed by Fountain Hills, Surprise and Buckeye. Maricopa and Tempe were the only two cities that moved significantly higher.

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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