Explore the Austin Balanced Market Health Score (BMHS) for a simplified market health view. Analyze MHI, Activity Index, and more with historical data from Team Price Real Estate’s metrics.
The Balanced Market Health Score (BMHS) provides a streamlined view of the Austin real estate market’s health, combining the Market Health Index (MHI), Activity Index, and Pending-to-Active ratio into a single, easy-to-understand score that reflects market balance and activity, making it a valuable tool for assessing market conditions.
Historical data illustrates its range; for example, in March 2021, the BMHS peaked at 1.54 (154%), indicating a strong seller’s market with high demand and rapid sales, while in November 2008, it dropped to a low of 0.15 (15%), reflecting a weak buyer’s market during the financial crisis.
A BMHS typically above 0.7 (70%), signals a seller’s market with strong demand and fast sales, often seen during periods of low inventory, whereas a BMHS below 0.3 (30%), indicates a buyer’s market with slower activity and more inventory, common during economic slowdowns. This metric offers clear insights into the Austin housing market’s health with Team Price Real Estate’s comprehensive market performance metrics.