Historical reading · reconstructed under the published methodology · index live since Aug 2026
December 2025
Arizona’s $2M+ market, scored: 94.4 — 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 2025.
94.4
Normal · -9 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The month slipped under the tier's five-year norm. The index read 94.4, below the fixed 2021–2026 norm — stronger than 77% of all months on record. Against the same month a year earlier the reading was down 9 points. Roughly 1,362 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 2026-08-30. ARMLS did not produce and does not endorse this analysis.