Historical reading · reconstructed under the published methodology · index live since Aug 2026
June 2023
Arizona’s $2M+ market, scored: 120.0 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in June 2023.
120.0
Normal · -84 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The first summer of the settled market: readings back inside the band, absolute volume permanently higher than pre-2020.
At 120.0, absorption ran at 120% of the market’s own pace over the prior five years — above its recent five-year normal. Against the same month a year earlier the reading was down 84 points. The tier carried about 833 active listings; contracts ran near 29 per 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.