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.

We have created charts that track the last seven day moving average for sales price and inventory count in ten of Atlanta’s top zipcodes in Buckhead, Vinings, Dunwoody, Sandy Springs, Roswell and East Cobb.  These are dynamic and change once a week.  In addition to  the seven day average you will see the 90 day average tracking behind it.  Note the relationship between the amount of inventory and the selling price.  We will be continuing to add custom charts including one that tracks only the top quartile in each of those area’s. 

This link: Altos Zipcode Charts for Inventory and Price in Atlanta’s Top Tier Neighborhoods will get you to those charts but for a more detailed analysis by zipcode sent to you once a week that offers 10 pages of information specific to that zipcode just email us at cheririley@atlantafinehomes.com

This is a good reference point for determining where the numbers are heading in a given area.  The benefit for a buyer would be help timing an offer.  A seller would benefit when timing a price adjustment. 

Our favorite website tool is the Atlanta Market Snapshot. Right above this post on the blue toolbar, just click and fill out a few bits of information and confidentially sent to you as often as you want is the most detailed market analysis tool available in Atlanta today. Many agents feel this is too much information to give customers and clients direct access too but we feel that the true value of an experienced agent is not handing you raw numbers.  There are trending graphs and maps that pinpoint the exact transactions as well as a direct link to Zillow, the controversial on line appraisal tool.

However, how long a home was on the market for or even what it sold for is not the whole story. We welcome the opportunity to let our clients have all this information in one easy to access format.  If you are visual and like graphs, there are charts,  if you want to drill down to the data, there are details of the properties and transactions. By finding and implementing these latest tools for our friends and clients, we can spend more time showing and selling properties, talking with the owners, buyers and agents and getting and creating the “story” behind the statistics.  Sometimes things are not as they seem,  for instance in today’s market  in many high-end and new construction sales we are seeing trades and swaps becoming another “term” to be negotiated as well as “price”.  This will never show up on a graph or list of sales. 

Terms are very important right now in this very competitive and challenging market.  It’s not just the excess inventory that is a seller’s competition, it’s the skill, experience and creative negotiating abilities of the agents handling the competing properties.

I love that we are able to provide our customers and clients with this information in the most effective and timely way possible.   Just know that we are a phone call or live chat away for the “story” behind the statistics.

Here to serve you,

Cheririley.com has moved to a new website and we have integrated our blog portion into it giving our clients access to local searches in an organized way while tying it to timely community information and providing easy updates for the latest information on new developments in Atlanta’s luxury market.

Every effort has been made to make searching for your preferred lifestyle through our preselected searches at cheririley.com as easy to understand as possible. For even quicker updates on Atlanta’s luxury market, create your own search even down to the street and price and start a rss feed directly to your email. You can turn it on and switch it off with a click of the delete key without a phone call at anytime of day.

If you have a blog, check out rssHugger.  It’s another great way to network among other bloggers.  rssHugger is a new website developed to help bloggers promote their blogs, and to help visitors discover new blogs that write about subjects that the readers are interested in. Through the power of the internet and viral marketing, rssHugger looks to bring blog writers and blog readers closer together. If you own a blog, you can get your own page on rssHugger for giving an honest opinion of the site on yours.