“Inventory” is simply real estate lingo for “the number of homes for sale.” This stat shows you how much supply is available in the market you are researching. Inventory levels can ebb and flow frequently due to seasonal effects. There’s usually more inventory on the market in the spring-time as the natural rate of real estate activity picks up during this time of year. Alternately, there’s generally less inventory in the Fall or Winter as real estate activity slows.

This can mean mixed things if you’re a buyer or seller in the market, or a real estate agent working with your clients. At times when there is higher inventory, it means there’s more selection for buyers. But there’s also more buyers in the market in the spring time which means more competition for the homes on the market. It’s important to couple your analysis of inventory levels with other market measures such as:

* Median Price
* Days-on-Market
* Price per Square Foot
* Market Action Index
* And a bunch of others

Contact me today for more information!  Rod Potter/ Email: rpotter@carolina.rr.com / Phone: (704)840-4137

Altos Research updates their data every week and provides this data.

Maybe median price is increasing at the same time that inventory levels are increasing while days-on-market is relatively flat. Using these three market stats individually makes it difficult to determine what is exactly is going on. We developed the MAI to roll together some of these key stats (and a few others) to generate a number, indexed to “30″, to determine if the local market is trending towards a “buyer’s market” or “seller’s market.”

From our reports:

“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.” research provided by Altos Research

Keep in mind that an MAI value close to “30″ probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.

Contact me today for more information!  Rod Potter/ Email: rpotter@carolina.rr.com / Phone: (704)840-4137

research provided by Altos Research

Inventory” is simply real estate lingo for “the number of homes for sale.” This stat shows you how much supply is available in the market you are researching. Inventory levels can ebb and flow frequently due to seasonal effects. There’s usually more inventory on the market in the spring-time as the natural rate of real estate activity picks up during this time of year. Alternately, there’s generally less inventory in the Fall or Winter as real estate activity slows.

This can mean mixed things if you’re a buyer or seller in the market, or a real estate agent working with your clients. At times when there is higher inventory, it means there’s more selection for buyers. But there’s also more buyers in the market in the spring time which means more competition for the homes on the market. It’s important to couple your analysis of inventory levels with other market measures such as:

* Median Price
* Days-on-Market
* Price per Square Foot
* Market Action Index
* And a bunch of others

Contact me today for more information!  Rod Potter/ Email: rpotter@carolina.rr.com / Phone: (704)840-4137

Altos Research updates their data every week and provides this data.

Maybe median price is increasing at the same time that inventory levels are increasing while days-on-market is relatively flat. Using these three market stats individually makes it difficult to determine what is exactly is going on. We developed the MAI to roll together some of these key stats (and a few others) to generate a number, indexed to “30″, to determine if the local market is trending towards a “buyer’s market” or “seller’s market.”

From our reports:

“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.” research provided by Altos Research

Keep in mind that an MAI value close to “30″ probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.

Contact me today for more information!  Rod Potter/ Email: rpotter@carolina.rr.com / Phone: (704)840-4137

research provided by Altos Research

“Inventory” is simply real estate lingo for “the number of homes for sale.” This stat shows you how much supply is available in the market you are researching. Inventory levels can ebb and flow frequently due to seasonal effects. There’s usually more inventory on the market in the spring-time as the natural rate of real estate activity picks up during this time of year. Alternately, there’s generally less inventory in the Fall or Winter as real estate activity slows.
This can mean mixed things if you’re a buyer or seller in the market, or a real estate agent working with your clients. At times when there is higher inventory, it means there’s more selection for buyers. But there’s also more buyers in the market in the spring time which means more competition for the homes on the market. It’s important to couple your analysis of inventory levels with other market measures such as:

* Median Price
* Days-on-Market
* Price per Square Foot
* Market Action Index
* And a bunch of others

Altos Research updates their data every week and provides this data.

Maybe median price is increasing at the same time that inventory levels are increasing while days-on-market is relatively flat. Using these three market stats individually makes it difficult to determine what is exactly is going on. We developed the MAI to roll together some of these key stats (and a few others) to generate a number, indexed to “30″, to determine if the local market is trending towards a “buyer’s market” or “seller’s market.”

From our reports:

“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.” research provided by Altos Research

Keep in mind that an MAI value close to “30″ probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.

research provided by Altos Research