Explore the Austin Market Health Index (MHI) to assess overall market health. Get a composite view of velocity and inventory with historical data from Team Price Real Estate’s metrics.
The Market Health Index (MHI) provides a comprehensive view of the Austin real estate market’s health, combining key metrics like velocity, absorption, and inventory into a single score that reflects the overall state of the market, making it an essential tool for understanding market balance.
Historical trends show its fluctuations; for instance, in March 2021, the MHI reached a high of 1.29 (129%), indicating a peak seller’s market with strong demand and low inventory, while in November 2008, it dropped to a low of 0.11 (11%), reflecting a weak buyer’s market during the financial crisis.
A MHI typically above 0.7 (70%), signals a strong seller’s market with robust demand, often seen during periods of high buyer activity, whereas a MHI below 0.3 (30%), indicates a buyer’s market with excess supply and slow sales, common during economic downturns. This metric offers critical insights into the Austin housing market’s health with Team Price Real Estate’s detailed market performance metrics.