Performance Property

𝗛𝗲𝗿𝗲 𝗶𝘀 𝗮 𝘀𝗻𝗶𝗽𝗽𝗲𝘁 𝗼𝗳 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. 𝗥𝗲𝗮𝗱 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗮 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲.

This month we’re focusing on the trending Days on Market (DOM).

DoM is a simple metric to monitor the balance of supply and demand in a market which can be a leading indicator over time for positive or negative price growth.

Increasing DoM demonstrates increasing supply and/or decreasing demand. If DoM is above a market's long term average, this can be a leading indicator over time for slow or negative price growth.

Decreasing DoM demonstrates decreasing supply and/or increasing demand.
If DoM is below a market's long term average, this can be a leading indicator over time for positive price growth.

DoM is just one of many metrics we use to assess short and long term price movement.

𝐏𝐞𝐫𝐭𝐡: 10 days, down from 11 last month
𝗔𝗱𝗲𝗹𝗮𝗶𝗱𝗲: 32 days, down from 33 last month
𝐑𝐨𝐜𝐤𝐡𝐚𝐦𝐩𝐭𝐨𝐧: 14 days, unchanged from 14 last month
𝐆𝐨𝐥𝐝 𝐂𝐨𝐚𝐬𝐭: 22 days, unchanged from 22 last month
𝐎𝐫𝐚𝐧𝐠𝐞: 44 days, down from 47 last month
𝐀𝐥𝐛𝐮𝐫𝐲: 29 days, unchanged from 29 last month
𝗖𝗼𝗳𝗳𝘀 𝗛𝗮𝗿𝗯𝗼𝘂𝗿: 48 days, down from 49 last month
𝗪𝗼𝗱𝗼𝗻𝗴𝗮: 29 days, up from 28 last month
𝗚𝗹𝗮𝗱𝘀𝘁𝗼𝗻𝗲: 16 days, down from 17 last month

Want the full deep-dive — including pricing trends, affordability, vacancy vs rents, and population drivers?

𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗳𝗼𝗿 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗣𝗼𝗿𝘁𝗮𝗹 𝗮𝘁 https://ap1.hubs.ly/y0ZcXk0

𝗛𝗲𝗿𝗲 𝗶𝘀 𝗮 𝘀𝗻𝗶𝗽𝗽𝗲𝘁 𝗼𝗳 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸'𝘀 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗻𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. 𝗥𝗲𝗮𝗱 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗮 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲.

This month we’re focusing on the trending unemployment rate.
Monitoring the percentage of a market that is unemployed is a key indicator of whether the local population will be able to afford purchasing in their market.

An increasing unemployment rate can mean that the population will not be in a position to be purchasing housing, therefore decreasing demand, and ultimately softening prices. The converse is also true - a decreasing unemployment rate will mean that the population is broadly feeling more financially secure, which will increase buying demand.

The unemployment rate is just one of many metrics we use to assess short and long term price movement.

𝗠𝗲𝗹𝗯𝗼𝘂𝗿𝗻𝗲: 5.20%, up from 5.00% last month
𝗕𝗲𝗻𝗱𝗶𝗴𝗼: 3.70%, up from 3.60% last month
𝗧𝗼𝗼𝘄𝗼𝗼𝗺𝗯𝗮: 4.20%, up from 4.00% last month
𝗜𝗽𝘀𝘄𝗶𝗰𝗵: 5.90%, up from 5.80% last month
𝗦𝘂𝗻𝘀𝗵𝗶𝗻𝗲 𝗖𝗼𝗮𝘀𝘁: 3.40%, unchanged from 3.40% last month
𝗕𝘂𝗻𝗯𝘂𝗿𝘆: 3.49%, up from 3.20% last month
𝗟𝗮𝘂𝗻𝗰𝗲𝘀𝘁𝗼𝗻: 4.50%, up from 4.40% last month
𝗧𝗮𝗺𝘄𝗼𝗿𝘁𝗵: 4.80%, up from 4.30% last month
𝗪𝗮𝗴𝗴𝗮 𝗪𝗮𝗴𝗴𝗮: 3.80%, up from 3.60% last month

Want the full deep-dive — including pricing trends, affordability, vacancy vs rents, and population drivers?

𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗳𝗼𝗿 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗣𝗼𝗿𝘁𝗮𝗹 𝗮𝘁 https://ap1.hubs.ly/y0XClN0