Analyze the Austin Demand-Supply Velocity Indicator to measure market speed. See how demand moves relative to supply with historical data from Team Price Real Estate’s metrics.
The Demand-Supply Velocity Indicator measures the speed at which demand, encompassing both pending and sold homes, moves relative to supply in the Austin real estate market, expressed as a percentage to reflect market activity and pace.
Historical data illustrates its range; for example, in December 2020, the indicator peaked at 2.65 (265%), indicating a highly active seller’s market with rapid sales and strong demand during a period of low inventory, while in November 2008, it dropped to a low of 0.24 (24%), reflecting a slow buyer’s market during the financial crisis.
A indicator typically above 1.0 (100%), suggests a fast-moving market with strong demand, often seen during seller’s markets, whereas a indicator below 0.5 (50%), indicates a sluggish market with weak demand, common in buyer’s markets. This metric provides valuable insights into the pace of the Austin housing market with Team Price Real Estate’s comprehensive market performance metrics.