Historical reading · reconstructed under the published methodology · index live since Aug 2026
January 2023
Arizona’s $2M+ market, scored: 106.5 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in January 2023.
106.5
Normal · -338 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
At 106.5, absorption ran at 107% of the market’s own pace over the prior five years — a touch above its recent five-year normal. Against the same month a year earlier the reading was down 338 points. Roughly 805 homes were exposed for sale at $2M+, with buyers absorbing about 28 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 2026-09-01. ARMLS did not produce and does not endorse this analysis.