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Posts from June 2022

Cindy Nelson AZ REALTOR Blog

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June
10

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Is the greater Phoenix real estate market crashing?  The short answer is no, but it is cooling at a much faster rate than anticipated. This chart shows you the Cromford Market Index (CMI) since 2001. Here is what you need to know about this report:

CMI of 90-110 = balanced market

CMI > 110 = favors sellers

CMI

Cromford Market Index June 2022

The drop from May 2022 to June 2022 decreased from 385.2 to 272.2 during that time. That's the fastest decline in the history of the Cromford Market Index. This decline was impacted by rising interest rates and increasing supply. 

As you can...

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Categories: Market Update
Tags: Buyers, Sellers, market update, supply, News
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 4:13:16 PM EST) or ARMLS (last updated Tue 03/03/2026 4:05:04 PM EST). Real estate listings held by brokerage firms other than Cindy Nelson - Realty One Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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