Innovative Marin Market Heat Index® Goes Live
Posted by Karen Monroe — May 4, 2008
MARIN, Calif. – (May 5, 2008) – It’s hard to quantify what’s happening right now in the real estate marketplace. But not anymore, thanks to the Marin Market Heat Index® a unique, web-based tool for keeping a close, accurate and real-time watch on the local real estate market that recently launched in Marin. Beneficial to buyers, sellers and REALTORS® alike, the Index is the only tool available in real estate today that precisely calculates one number that reflects the level of competition in an area or price range. Visit www.marketheatindex.com.“The Marin Heat Index is an invaluable tool for understanding the Marin real estate market. By objectively quantifying residential sales activity, The Index helps buyers and sellers deal realistically with the market,” said Ray Brown, co-author of Home Buying for Dummies.An accurate and true understanding of current market activity is the most important piece of information people seek when making the biggest investment of their lives. Using information from local Multiple Listing Services to get current information on true buyer and seller transactions, the Index is the only place to find the final computation. Here buyers, sellers, and their REALTORS® get a true, real-time answer to how hot or cold things are in their real estate marketplace – online, anytime from anywhere.“In my long career, this is the best tool I’ve seen for telling us what’s happening in the local real estate markets right now, not last month or last year,” said Sheila Levine, recently retired Vice President and Manager at Pacific Union GMAC Real Estate. “It gives buyers, sellers and agents the information they need to make good decisions across all price ranges and all markets. I highly recommend it.”Anyone can subscribe to the Marin Market Heat Index®, free of cost, by being hosted by a REALTOR® member of the Index. REALTOR® members gain access to the most up-to-date market info to serve their clients, use in their personalized marketing materials and offer as a value-added resource to any number of their clients and contacts.Created in 2002 by Nate Sumner, an academic turned real estate pro with Pacific Union GMAC Real Estate in Marin, the Index took several years of development and fine-tuning before going live in April. With the momentum and interest in this valuable resource increasing, The Index is expected to expand to include other California markets later this year.Marin MARKET HEAT Index®Developed in 2002 by longtime Marin REALTOR® Nate Sumner, the Marin Market Heat Index® is a unique, web-based tool for keeping a close and real-time watch on the local real estate market with current information on true buyer and seller transactions. Beneficial to buyers, sellers and REALTORS®, the Index is the only tool available in real estate today to precisely calculate a single number that measures the competition between buyers and sellers. Free subscriptions are available through REALTORS®-members of the Index. For more information, visit www.marinheatindex.com or call 800-830-0317.