Discover the Austin Weighted Market Health Score (WMH) for a comprehensive market health view. Analyze MHI, Activity Index, and DMI with historical data from Team Price Real Estate’s metrics.
Discover the Austin Weighted Market Health Score (WMH) for a comprehensive market health view. Analyze MHI, Activity Index, and DMI with historical data from Team Price Real Estate’s metrics."
Paragraph: The Weighted Market Health Score (WMH) offers a comprehensive measure of the Austin real estate market’s health, combining the Market Health Index (MHI), Activity Index, and Demand Momentum Index (DMI) into a single score that provides a holistic view of market conditions, making it an essential tool for understanding market balance and trends.
Historical trends show its variability; for instance, in December 2020, the WMH peaked at 0.99 (99%), reflecting a peak seller’s market with strong demand and low inventory, while in November 2008, it dropped to a low of 0.26 (26%), indicating a weak buyer’s market during the financial crisis.
A WMH typically above 0.7 (70%), signals a strong seller’s market with robust demand and quick sales, often seen during periods of high buyer activity, whereas a WMH below 0.3 (30%), indicates a buyer’s market with slow sales and excess supply, common during economic downturns. This metric provides a deep understanding of the Austin housing market’s health with Team Price Real Estate’s detailed market performance metrics.