Historical reading · reconstructed under the published methodology · index live since Aug 2026
February 2022
Arizona’s $2M+ market, scored: 523.4 — Frenzy
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in February 2022.
523.4
Frenzy · +45 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The all-time peak of the reconstruction — the fastest the tier ever cleared relative to its recent norm, weeks before rising rates reached the market. Flow turned here, months before price did.
The firmest month since the start of the record. 523.4 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 45 points. The tier carried about 489 active listings; contracts ran near 49 per 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.