Issue archive · published Sep 25, 2026
117.8
The Marta Walsh Index: Normal — week ending Sep 25, 2026
Inside the wide normal band, where history says the asking price — not the market — determines whether a home sells.
At 117.8, no week has read firmer since October 2023. Among luxury homes currently for sale, the median has been listed 98 days. Cuts outnumbered raises 97 to 1 among 1,112 tracked listings, median 4.2%.
this week
Under 70
70–250 · normal
Over 250
Active $2M+ listings
1,262
Exposed for sale on the measurement Friday.
Contracts, trailing 4 weeks
167
Homes going under contract across the tier.
Cut their price
8.7%
97 of 1,112 active sellers, median cut 4.2%.
Waiting off-market
1,108
~165 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.