Austin Real Estate Sentiment Pulse
Explore the Austin Real Estate Sentiment Pulse to gauge buyer and seller emotions. See how market mood impacts dynamics with historical data from Team Price Real Estate’s metrics.
The Austin Real Estate Sentiment Pulse offers a unique measure of buyer and seller emotions in the Austin real estate market, combining demand momentum, market health, and activity velocity into a single score that reflects the market’s emotional climate, helping you understand whether fear or optimism is driving decisions. This metric uses DMI (demand momentum), WMH (market health), and Activity Index (velocity) to reflect buyer/seller sentiment, ranging from 0 (fear) to 100 (hope/optimism).
Historical trends highlight its insights; for instance, in March 2021, the pulse reached a high of 0.91 (91%), indicating strong optimism and a seller’s market with robust demand during a period of low inventory and high buyer confidence, while in January 2023, it dropped to a low of 0.14 (14%), reflecting a fearful buyer’s market with low demand and excess supply following a post-pandemic market correction.
A good score, typically above 0.7 (70%), suggests a hopeful, demand-driven market, often seen during periods of strong sales activity and market growth, whereas a bad score, below 0.3 (30%), indicates a fearful market with weak demand, common during economic downturns or market slowdowns. This metric provides critical insights into the emotional dynamics of the Austin housing market with Team Price Real Estate’s comprehensive market performance metrics.
