Historical reading · reconstructed under the published methodology · index live since Aug 2026
May 2025
Arizona’s $2M+ market, scored: 62.3 — Cold
Reconstruction: this reading was computed in 2026 by running the frozen methodology across the historical record. The index did not publish contemporaneously in May 2025.
62.3
Cold · -15 vs a year earlier
ColdNormal · 100 = 5-yr normFrenzy
The softest month since January 2017. At 62.3, absorption ran at 62% of the market’s own pace over the prior five years — cold. Year over year, the market was cooler by 15 index points. Roughly 1,517 homes were exposed for sale at $2M+, with buyers absorbing about 38 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.