The most common question we receive is: “What is the market action index?”

The most basic way to answer this question is that the market action index is an answer to the question “How is the market doing?” 

The index is based on a value of 30.  A Market Action Index of 30 would mean that it’s equally a Buyer’s and Seller’s Market.  The higher the number, the stronger the market and the more oriented it is towards Sellers.  The number can go very high, even past 100.  

There are many inputs that make up this index including: median price, inventory levels, and the average time it takes to sell a home. 

This index can be a really great way to track neighborhood by neighborhood how the market is doing.  It can help Buyers to judge what they should offer as well as help Sellers correctly price their property.