Market Action Index
Definition:
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.
Real Source Blog
4 Problems of Overpricing
Price Problem #1: Where's the Excitement?The first problem is... it's hard to get sales people excited. And it doesn't make any difference how much marketing you're doing... the problem is the same ... its hard to get sales people excited.You see ... agents generally know what buyers are willing to pay for similar homes in similar areas...
