The Market Meter shows the current pace of the market in the Twin Cities that a buyer or seller is likely to experience. It factors in the average showings per week per listing "demand", inventory of homes "supply" and affordability. 0 to 1.99 is a strong Buyer's market, 2 to 3.99 is a Buyer's market, 4 to 5.99 is a stable market, 6 to 7.99 is a seller's market, and 8 or higher is a strong Seller's market. If it goes above 10 or below 0, then it is in an extreme market condition.
The Market Meter reflects the market as a whole. Depending on a specific property's type, size, price, and location, this can move plus or minus 1.5 or more. To get the most accurate reflection of where the Market Meter is for you, contact a BRIX agent today.
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