Market Update: Is It a Buyer’s or Seller’s Market?

In April 2025, the Comfort Market Index (CMI) — often considered a "crystal ball" for the Arizona housing market — reveals a nuanced shift in market dynamics. Here's what you need to know:

🔍 What Is the CMI?

The CMI (provided by Cromford Associates) measures market balance across Arizona cities:

• Above 110 = Seller’s Market

• 90–110 = Balanced Market

• Below 90 = Buyer’s Market

📈 What Does the April 2025 CMI Say?

• Overall, Arizona is slightly leaning toward a buyer’s market — but just barely.

• 8 cities are still in a seller's market.

• 3 cities show a balanced market.

• 6 cities have shifted into a buyer's market.

🏘️ Which Cities Are Buyer-Friendly?

These areas currently offer the most negotiating power for buyers:

• Tempe

• Scottsdale

• Queen Creek

• Peoria

• Goodyear

If you’re buying in these areas, you may find more room to negotiate — though sellers who’ve properly upgraded and priced their homes still hold strong positions.

📊 Which Cities Still Favor Sellers?

Some cities are still showing strong seller momentum:

• Avondale: 13% seller gain

• Surprise: Strong showing continues

💡 Final Thoughts

While some cities offer more leverage to buyers, it’s still a mixed market. The best deals are happening in areas trending toward buyer conditions, but quality listings are still competitive.

If you're planning to make a move — whether buying or selling — understanding your specific city’s market condition is key. Text your Zip code or area's name to us for your city custom market report!