Historical reading · reconstructed under the published methodology · index live since Aug 2026
November 2023
Arizona’s $2M+ market, scored: 81.4 — Normal
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in November 2023.
81.4
Normal · -32 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The month slipped under its trailing five-year norm for the first time since April 2020. At 81.4, absorption ran at 81% of the market’s own pace over the prior five years — below its recent five-year normal. Year over year, the market was cooler by 32 index points. The tier carried about 1,015 active listings; contracts ran near 24 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.