August 2026 | What the Cromford Market Index Is Telling Us
If you're wondering whether it's a good time to buy or sell in Scottsdale, one of the best indicators to watch is the Cromford® Market Index (CMI).
As of August 6, 2026, Scottsdale's Market Index is 148.0, indicating that our market remains a seller's market, although it's becoming more balanced than we've seen over the past few years.
| Metric | August 6, 2026 |
|---|---|
| Market Index | 148.0 |
| Supply Index | 56.4 |
| Demand Index | 83.4 |
| Market Type | Seller's Market |
The Cromford Market Index measures the balance between supply and demand.
At 148, Scottsdale continues to favor sellers, but today's market is much healthier than the highly competitive conditions we experienced in 2021 and early 2022.
The Supply Index of 56.4 tells us inventory has increased, giving buyers more choices than they've had in several years. While inventory remains below what we'd typically consider a buyer's market, shoppers now have more options and a little more time to make decisions.
The Demand Index of 83.4 shows that buyer activity has softened compared to previous years, largely due to higher mortgage interest rates and affordability concerns. However, demand remains strong for well-priced, move-in-ready homes, especially in Scottsdale's most desirable neighborhoods and luxury communities.
As I look at this week's Cromford numbers, what stands out to me isn't simply that Scottsdale remains a seller's market—it's that we're continuing to move toward a healthier, more balanced market.
A Market Index of 148 still favors sellers, but it's a very different market than we experienced just a few years ago when buyers were competing against dozens of offers with virtually no negotiating power.
Today, buyers have more inventory to choose from, they're taking a little more time before making decisions, and negotiations have become a normal part of the process again. I actually see this as a positive. A balanced market creates confidence for both buyers and sellers.
For sellers, the biggest takeaway is simple: pricing matters more than ever. Buyers are educated, comparing every listing online, and willing to wait for the right home if a property feels overpriced.
The good news is that homes priced correctly, professionally marketed, and beautifully presented continue to sell—and many still sell quickly.
For buyers, this may be one of the best opportunities we've seen in several years. There is more inventory, less competition, and better negotiating opportunities than during the pandemic frenzy. While mortgage rates remain elevated, the right home purchased at the right price can often be a stronger long-term decision than waiting for the "perfect" interest rate.
After helping more than 726 families buy and sell homes throughout the Valley and closing over $412 million in career sales, I've learned that every market creates opportunities. The most successful buyers and sellers don't try to perfectly time the market—they make informed decisions based on their goals and today's conditions.
My advice this month is simple: Don't rely on national headlines. Real estate is local, and Scottsdale continues to perform differently than many other markets across the country. Understanding what's happening in your specific neighborhood is what leads to the best decisions.
I'll continue to monitor these trends each week and share my thoughts as the market evolves.
If you're thinking about buying or selling and would like to discuss what today's market means for your specific situation, I'd be happy to help.
Colleen M. Olson, CLHMS | CRS
Scottsdale Luxury Real Estate Advisor
726+ Families Served | $412M+ Career Sales
Creator of Say Yes to This Address®
11333 N SCOTTSDALE RD STE 100 SCOTTSDALE, AZ 85254
11333 N SCOTTSDALE RD STE 100 SCOTTSDALE, AZ 85254