Historical reading · reconstructed under the published methodology · index live since Aug 2026
May 2021
Arizona’s $2M+ market, scored: 474.6 — Frenzy
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in May 2021.
474.6
Frenzy · +373 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
474.6 on the index — running at frenzy pace — the market clearing far faster than its recent normal. Against the same month a year earlier the reading was up 373 points. Roughly 527 homes were exposed for sale at $2M+, with buyers absorbing about 41 a week. This was the frenzy.
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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.