Market Action Index
Altos Research developed the Market Action Index(TM) for an at-a-glance measurement of market conditions. Primarily, it shows whether it's a Buyer's or Seller's market. The Index is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, which is referred to as a Seller's Market. Below 30 is a Buyer's Market.
Here's why this is helpful to you...
Use the Market Action Index as a measurement for the relative health of a market and as an indicator for prices. When markets fall into Buyer's territory prices will likely follow with a downward trend. When markets fall into Seller's territory prices will likely follow with an upward trend.
What type of market in Valencia CA Today?
In Valencia California - we are currently in a Buyers Market - However, we are climbing towards a Sellers Market at a rapid pace.
When wanting to Buy or sell a home - the local real estate factors are extremely important for you to keep your eye on. The data points with regard to median sales prices and inventory can both be found on our Santa Clarita Real Estate resource pages.
How to find current prices and inventory:
By utilizing the MacBoX at Paris911.com or on this blog, type in the two different keywords into it to get our latest reports and real estate indicators.
Each of these words works to take you to a place that we have built reflective of the most current real estate data obtained by the Independent real estate data firm "Altos Research". We think they are the Bee's Knees and we hope you do too.
The advantage in Independence...
The advantage of having an independent research firm obtain the real estate numbers has to do with "trust". While you may trust me and what I say about the Santa Clarita real estate market, I would never ask you to go there without knowing me personally. So we start at the next level higher and publish data that is not "self serving" but factual obtained from an off site company.
This instills confidence in our Buyers and Sellers of Real estate and within our Paris911 Associates at REMAX Team as well.