Historical reading · reconstructed under the published methodology · index live since Aug 2026
February 2024
Arizona’s $2M+ market, scored: 75.5 — 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 2024.
75.5
Normal · -38 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The decline reached its 6th consecutive month. At 75.5, absorption ran at 76% of the market’s own pace over the prior five years — below its recent five-year normal. Year over year, the market was cooler by 38 index points. Roughly 1,243 homes were exposed for sale at $2M+, with buyers absorbing about 40 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.