The Marta Walsh Index: Normal — week ending Sep 11, 2026

Inside the wide normal band, where history says the asking price — not the market — determines whether a home sells.

At 116.2, this is the firmest weekly reading since October 2023. That makes 4 consecutive weeks of rise — though inside the wide normal band, direction matters far less than pricing. Cuts outnumbered raises 58 to 4 among 1,050 tracked listings, median 2.1%.

this week

Under 70

70–250 · normal

Over 250

Active $2M+ listings

1,140

Exposed for sale on the measurement Friday.

Contracts, trailing 4 weeks

159

Homes going under contract across the tier.

Cut their price

5.5%

58 of 1,050 active sellers, median cut 2.1%.

Waiting off-market

1,148

~176 expected back within 13 weeks.

All issues → · This week’s reading → · Methodology →

Based on information from the Arizona Regional Multiple Listing Service for the period January 1, 1998 through the as-of date. Compiled and analyzed by the author; ARMLS did not produce and does not endorse this analysis.