How many times have your clients asked you “How’s the Market?” You can show them listings and reports, but they want a simple way to know what to expect. Now you can tell them not only what happened in real estate in the past but you can give them a look into current and future demand for real estate.
We are excited to unveil the Bright MLS T3 Home Demand Index, the new, forward-looking view into the real estate market powered by comprehensive, real-time, MLS data.
The Home Demand Index was created in partnership with T3 Sixty, a leading real estate research and management consulting firm. Bright is the first Multiple Listing Service to offer this compelling new way for you to help your clients understand where real estate demand is going.
The Home Demand Index captures buyer demand signals by looking at a unique combination of pre and post-sale information including:
- Showing requests
- Views within Bright MLS
- Accepted showings
- Home sales across the Bright footprint
These numbers, which are only available through your Multiple Listing Service, are combined to give you a whole new way to be THE expert about real estate interest in your local market.
Most existing housing indices track what has happened in the past. The Bright MLS T3 Home Demand Index captures what is happening right now and, over time, helps paint a picture of buying activity into the future.
Log into BrightMLS.com and select the Market tab. The Home Demand Index is located at the top.
The Home Demand Index currently covers the Philadelphia, Baltimore, and Washington, D.C. markets. Adjacent communities with more areas are expected later this year. In the meantime, access similar demand information in the Market Performance Reports and Listing Performance Reports.
News and Resources
Bright MLS T3 Home Demand Index – Fact Sheet