Historical reading · reconstructed under the published methodology · index live since Aug 2026
February 2023
Arizona’s $2M+ market, scored: 113.3 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in February 2023.
113.3
Normal · -410 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
At 113.3, absorption ran at 113% of the market’s own pace over the prior five years — a touch above its recent five-year normal. Against the same month a year earlier the reading was down 410 points. Roughly 909 homes were exposed for sale at $2M+, with buyers absorbing about 31 a week. This was the settling.
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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.