About the Index
What is the Bright MLS | T3 Home Demand Index?
The Bright MLS | T3 Home Demand Index measures and tracks consumer and real estate professional behavior related to shopping for real estate.
The Bright MLS | T3 Home Demand index utilizes a score that incorporates data on pre-sale activities, such as views of homes online and in-person showings of homes, across different geographies and types of homes in a local residential real estate market. Based on index scores, home buying demand activity is categorized along a five-level rating scale from Limited demand to High demand.
Most importantly, the index identifies demand for homes at the metropolitan and ZIP code level with the ability to make comparisons across geographic areas and market segments. This unique market analysis tool allows professionals and consumers to confidently track local market trends while also empowering better decision making.
Traditional Home Indexes vs. Bright MLS | T3 Home Demand Index
Traditional Home Indices tracks residential real estate prices, focusing on the value of residential real estate nationally or regionally by indexing the pending/sales of homes in a market.
The Bright MLS | T3 Home Demand Index measures real estate professional and consumer activity in the market before home sales occur, allowing the homeowner, potential buyers, and other market participants to understand the current real estate activity in the market and to make better real estate decisions.
As real estate activity is specific to geographies and housing types, the index is calculated for overall geographic markets, zip codes, and specific housing types within a geographic area.
Agent research on homes in the MLS
Consumer website views of homes via the MLS
Home showings to clients
Pending/Sold homes
Traditional Housing Indexes
Bright MLS | T3 Home Demand Index
Traditional Housing Indexes
Bright | T3 Index
Agent research on homes in the MLS
Consumer website views of homes via the MLS
Home showings to clients
Client Submitted Offers
Pending/Sold homes
MLS Market Areas
The Bright MLS |T3 Home Demand Index currently covers the three multiple listing system (MLS) metro areas served by Bright MLS, namely the Washington D.C. MLS Metro Area (in gray), the Baltimore MLS Metro Area (in orange), and the Philadelphia MLS Metro Area (in
blue). Note that the colors displayed in the visual below are provided for visual identification of each market area and do not correlate to index activity level.
About Bright MLS
The Bright MLS real estate service area spans 40,000 square miles throughout the Mid-Atlantic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C. and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 95,000 real estate professionals who in turn serve over 20 million consumers.
For more information, please visit www.brightmls.com.
About T3 Sixty
T3 Sixty is a trusted advisor and management consultancy in the residential real estate industry. Clients include franchisors, brokerages, associations, MLS organizations and technology companies. Whether reorganizing, expanding or innovating, leaders and entrepreneurs rely on T3 Sixty’s extensive experience and objective, analytical research to affect intelligent change.
For more information about T3 Sixty and Home Demand Index, please visit t360.com.
