Sellers have no reason to be jittery about the Valley’s housing market—and especially some West Valley cities—judging by the Cromford Report’s latest look at last month’s home sale data for the region.
Avondale and Glendale have the hottest housing markets in the Valley, according to the latest index developed by Cromford Report—the leading analyst of the Phoenix Metro housing market.
Cromford uses a variety of data for an index that shows how favorable the market is toward buyers or sellers in 17 Valley municipalities.
With 100 on the index representing a balanced market, the higher above 100 for any city, the more tilted the market is toward sellers.
On that score, first-place Avondale has an unprecedented 717 with Glendale in second place at 530.2.
Phoenix ranks seventh with 387.4, followed by ninth-place Goodyear with 365.2.