Historical reading · reconstructed under the published methodology · index live since Aug 2026
September 2022
Arizona’s $2M+ market, scored: 150.1 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in September 2022.
150.1
Normal · -235 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The descent from the frenzy — among the fastest sustained declines in the record as rate increases repriced the market in real time.
150.1 on the index — firm — clearing well above its recent five-year normal. Against the same month a year earlier the reading was down 235 points. The tier carried about 765 active listings; contracts ran near 16 per 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.