The Heat Index is a proprietary metric I developed as a way to explain to my clients and prospective clients at a glance the overall health of our local real estate market.
The index takes into account a number of factors, including the velocity of total inventory, the percentage premium of the sale price vs. the listing price, and more.
Much like the meteorological heat index, comfortable temperatures range from the low 70’s to low 80’s. Colder temperatures mean things are less comfortable for sellers; warmer temperatures mean things are less comfortable for buyers.
