Price and days on market (DOM) are the best indicators of real estate performance on the Texas coast, and can be used year-round, despite our strong seasonal swings.
Total sales and number-of-sales, volume metrics, are often used in metro real estate markets to gauge demand but are not accurate for our small coastal markets on a month-to-month basis.
- Our strong seasonal market swings make month-to-month metrics too noisy to draw conclusions and we also often run out of active listings that buyers want in peak market conditions.
- Fortunately, we can get a measure of demand every month using Google search trends.
- We do use YOY sales volume comparisons to analyze long-term real estate trends.