Track the Austin Demand Momentum Index (DMI) to measure market trends. See how demand grows relative to supply with historical data from Team Price Real Estate’s performance metrics.
The Demand Momentum Index (DMI) measures the relative growth of demand versus supply in the Austin real estate market, offering a predictive view of market trends by showing whether demand is outpacing supply or vice versa, making it a key indicator for anticipating market shifts.
Historical data highlights its range; for example, in April 2021, the DMI peaked at 1.02 (102%), reflecting strong bullish momentum during a seller’s market with high demand, while in January 2023, it dropped to a low of -2.53 (-253%), indicating bearish momentum during a buyer’s market post-pandemic boom.
A DMI typically above 0.20 (20%), signals bullish momentum and a developing seller’s market, often seen during periods of growing demand, whereas a DMI below -0.20 (-20%), suggests bearish momentum and a buyer’s market, common during economic slowdowns. This metric helps you anticipate trends in the Austin housing market with Team Price Real Estate’s comprehensive market performance metrics.