Saturday, November 10, 2007

Stat brief.


Median Home Price Trends
This chart shows the current median single family home price in CHICAGO. Real estate market research begins with price trends. Watch this report each week to discern trends before you can read about them anywhere else.


Market Action Index
We developed the Market Action Index for at-a-glance real estate research. The Index is a barometer of real estate supply and demand. A value above 30 indicates demand is relatively robust, we call that a Seller's Market. Below 30 is a Buyer's Market. Also use the long-term trends as a leading indicator for prices. When markets fall persistently into Buyer's territory prices will likely follow.

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