Abalone Cove
January 21st, 2022
Here's another set of market metrics, showing market "temperature" from a real estate research firm I pay a lot of money to in order to provide good customer service/information to my clients. The "Market Action" index is a measure of supply/demand dynamics and is a proprietary algorithm. Note again here, the trends, and not so much the latest static number. This chart is different than the above chart, in this case the higher the number, the stronger it is a seller's market. Particularly, anything over "30" is the algorithm's number defining a "seller's market"