Yes, Peoria is now a buyer’s market. The Cromford Market Index for Peoria stands at 71.7 as of the week of October 22, 2026 — down 19% from last month and well below the 90 threshold that separates buyer’s territory from a balanced market. That gap gives buyers in Peoria real negotiating room right now.
If you are buying or selling in Peoria, your position just changed
The Cromford Market Index measures the balance of supply and demand between buyers and sellers. Cromford’s own thresholds are simple: above 110 favors sellers, 90 to 110 is balanced, and below 90 favors buyers. At 71.7, Peoria is not borderline — it is nearly 20 points into buyer’s territory.
If you are buying in Peoria, that number means sellers are competing harder for your offer. Listings sit longer. Price cuts happen more often. You have room to negotiate on price, repairs, and closing costs in ways that simply were not available six weeks ago.
If you are selling, the math has flipped. Overpricing now means sitting on the market while buyers shop elsewhere in a city where inventory is growing. Accurate pricing and presentation matter more than they have in years.
This is not a blip. The trend has deteriorated every week since mid-August, and every single city in the Valley is moving in the same direction at the same time.
What the Cromford Market Index is — and why Peoria’s 71.7 matters
The Cromford Market Index is published weekly by Cromford Associates LLC. It tracks the balance between supply and demand across the Phoenix Valley’s largest cities. A score above 110 means sellers have the upper hand. Between 90 and 110 is balanced. Below 90 means buyers hold the advantage.
Peoria’s index was not always here. A drop of 19% in a single month is large. For context, the three biggest monthly drops in the entire Valley right now are Fountain Hills at -32%, Paradise Valley at -28%, and Peoria at -19%. Peoria’s decline is the third-steepest in the region.
Peoria’s CMI of 71.7 places it at the top of the buyer’s market group — not the weakest in the Valley, but firmly outside balanced territory.
All 18 Valley cities ranked: the full CMI table right now
Here is where every large Valley city stands as of the week of October 22, 2026, ranked from strongest to weakest:
| City | CMI | Market State |
|---|---|---|
| Scottsdale | 138.8 | Seller’s market |
| Paradise Valley | 123.4 | Seller’s market |
| Chandler | 114.3 | Seller’s market |
| Fountain Hills | 107.2 | Balanced market |
| Cave Creek | 103.8 | Balanced market |
| Phoenix | 97.1 | Balanced market |
| Avondale | 96.4 | Balanced market |
| Gilbert | 94.9 | Balanced market |
| Mesa | 90.6 | Balanced market |
| Glendale | 90.4 | Balanced market |
| Peoria | 71.7 | Buyer’s market |
| Goodyear | 64.8 | Buyer’s market |
| Tempe | 63.8 | Buyer’s market |
| Surprise | 58.4 | Buyer’s market |
| San Tan Valley | 49.9 | Buyer’s market |
| Buckeye | 46.6 | Buyer’s market |
| Queen Creek | 44.4 | Buyer’s market |
| Maricopa | 41.2 | Buyer’s market |
Scottsdale at 138.8 is the strongest market in the Valley. Maricopa at 41.2 is the weakest. Peoria at 71.7 sits eleventh on the list — the first city below the balanced floor.
Eight of the 18 cities are now in buyer’s territory. Seven are balanced. Only three remain seller’s markets: Scottsdale, Paradise Valley, and Chandler. That is the fewest seller’s markets since July 2025. Just this week, Fountain Hills dropped from a seller’s market to balanced, and Cave Creek did the same.
The biggest movers this month: Fountain Hills -32%, Paradise Valley -28%, Peoria -19%
Three cities posted the sharpest month-over-month drops in the Valley. Fountain Hills fell 32% to a CMI of 107.2 and slipped out of seller’s territory entirely. Paradise Valley fell 28% to 123.4 — still a seller’s market, but moving fast. Peoria dropped 19% to reach its current 71.7.
Each of those declines landed the city in a different market state. That spread — from seller’s to balanced to buyer’s — shows how differently individual cities absorb the same regional pressure.
The Valley-wide trend: weakest average CMI since November 2023
Peoria’s drop is sharp, but it is happening inside a broader slide. The average CMI across all 18 cities is now down 15.1% from last month. That follows last week’s 14.5% decline. It is the weakest average reading since November 2023.
The trend has worsened every week since mid-August. For three weeks running, all 18 cities have moved in a buyer-favorable direction. Every city’s index is also lower than it was a week ago. That kind of unanimity is rare and signals a genuine regional shift, not a one-city anomaly.
For more on how the Phoenix market fits into this picture, see Phoenix CMI and all 18 Valley cities ranked.
Where Peoria goes from here
The Cromford Report does not forecast future values, and neither do we. What the data shows is direction and velocity — and both point toward continued buyer advantage in Peoria as long as all 18 cities remain in a synchronized decline. Whether that trend holds, flattens, or reverses depends on supply and demand conditions that change weekly.
The next Cromford weekly update will show whether Peoria’s index continues to fall, stabilizes, or ticks back up. If you are tracking this market — as a buyer, a seller, or a homeowner watching your equity — that weekly number is the most current signal available.
Peoria is also seeing new development activity that could affect future supply. The Saddleback Basecamp groundbreaking and the Halo Vista project in the TSMC corridor are both underway, adding context for buyers looking at long-term neighborhood trajectory.
