“We’re pleased to provide such a comprehensive pricing index for our dedicated consumers, real estate professionals and partners,” says Brock MacLean, executive vice president of Homes.com. “The new Homes.com Local Market Index provides an exceptionally detailed review of local market pricing trends, performance and growth indicators, leading the way for healthy conversation about America’s real estate markets and—in many of these local areas—their imminent recovery.”
The Homes.com Local Market Index provides:
Expanded Coverage – Goes beyond the typical 20 markets by covering the top 100 markets or CBSA’s in the U.S. as measured by the U.S. Census Bureau.
Localized Information – Index values are compiled at the census tract level and consolidated into a zip code or neighborhood area. Local index values are compiled into a consolidated index for each CBSA.
Local Market Variance – Provides a highly detailed view of neighborhood or zip code performance, with many local index values often varying 25% within the same market.