According to Altos Charts the Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Market zone for a long period, prices are likely in for a downward correction.
A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales.
A cold market will typically cause prices to fall. On the real time charts that we have displayed on this site we have selected the four zipcodes in Atlanta that cover the Buckhead market.
In addition we have isolated the top quartile to track. The top quartile is the top 25% of sales in each area.
We are also providing charts in real time for Vinings, East Cobb and Roswell with the 7 day average and the 90 day average both illustrated. For a detailed report that shows price per square foot, days on market, average selling price and current inventory levels contact us and we will send you an executive summary. In addition we compile a ten page extensive report for each of the ten zipcodes in those areas. Contact us for you copy. Download this sample of the Vinings 30339 Market Update to view a report.
Tags: Atlanta, Buckhead, dunwoody, East Cobb, luxury real estate, Market Trends, pricing, Real Estate, real time statistics, Roswell, sandy springs, Vinings
Real Time Market Trends in East Cobb? Hot or Not? | Atlanta Luxury Homes and Real Estate wrote,
[...] an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post. These charts that I prepared for zip code 30062 and 30068 cover the area we know as “East [...]
Link | May 29th, 2008 at 4:31 pm
Real Time Market Trend in Vinings - 30339. Hot or Not? | Atlanta Luxury Homes and Real Estate wrote,
[...] an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post. This chart that I prepared for zip code 30339 covers the area we know as “Vinings [...]
Link | May 29th, 2008 at 5:58 pm
Real Time Market Trends in Sandy Springs and Dunwoody. Hot or Not? | Atlanta Luxury Homes and Real Estate wrote,
[...] an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post. These charts that I prepared for zip code 30028 and 30050cover the area we know as [...]
Link | May 29th, 2008 at 6:20 pm
Real Time Market Trends in Sandy Springs and Dunwoody. Hot or Not? : atlantaluxuryhomesandrealestate.com wrote,
[...] an explanation about what Market Action Index (MAI) is and who publishes it click to this earlier post. These charts that I prepared for zip code 30028 and 30050cover the area we know as [...]
Link | August 28th, 2008 at 6:09 am