Local real estate agent Matt Heafey of GrubbCo offers a current snapshot of the Piedmont housing market from 2004 through this past month.
Much like the meteorological heat index, comfortable temperatures range from the low 70’s to low 80’s. Colder temperatures mean things are less comfortable for sellers; warmer temperatures mean things are less comfortable for buyers.
The Heafey Home Heat Index is a proprietary metric developed to help explain at a glance the overall health of our local real estate market.
The index takes into account a number of factors, including the velocity of total inventory, the percentage premium of the sale price vs. the listing price, and more.