Historical reading · reconstructed under the published methodology · index live since Aug 2026
May 2022
Arizona’s $2M+ market, scored: 313.9 — Frenzy
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in May 2022.
313.9
Frenzy · -161 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
At 313.9, absorption ran at 314% of the market’s own pace over the prior five years — running at frenzy pace. Against the same month a year earlier the reading was down 161 points. Roughly 634 homes were exposed for sale at $2M+, with buyers absorbing about 32 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.