Historical reading · reconstructed under the published methodology · index live since Aug 2026
December 2022
Arizona’s $2M+ market, scored: 114.9 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in December 2022.
114.9
Normal · -335 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
114.9 on the index — a touch above its recent five-year normal. Year over year, the market was cooler by 335 index points. Roughly 743 homes were exposed for sale at $2M+, with buyers absorbing about 13 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.