Historical reading · reconstructed under the published methodology · index live since Aug 2026
February 2026
Arizona’s $2M+ market, scored: 96.7 — 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 2026.
96.7
Normal · +2 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
A soft spring was forming — the seasonal surge underperformed its norm across the tier, most visibly in Paradise Valley.
96.7 on the index: firmer than the long-run middle, ranking in the 80th percentile of all reconstructed months. Year over year, the market was firmer by 2 index points. Roughly 1,600 homes were exposed for sale at $2M+, with buyers absorbing about 57 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.