Historical reading · reconstructed under the published methodology · index live since Aug 2026
July 2021
Arizona’s $2M+ market, scored: 400.5 — Frenzy
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in July 2021.
400.5
Frenzy · +120 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
At 400.5, absorption ran at 401% of the market’s own pace over the prior five years — running at frenzy pace. Year over year, the market was firmer by 120 index points. Roughly 513 homes were exposed for sale at $2M+, with buyers absorbing about 24 a week. This was the frenzy.
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Readings before August 2026 are reconstructions under the published methodology; the index did not publish contemporaneously before then. Based on information from the Arizona Regional Multiple Listing Service, 1998 through 2026-09-01. ARMLS did not produce and does not endorse this analysis.