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The Real Estate Market Index


David Zetland


Wageningen UR - Environmental Economics and Natural Resources Group; PERC - Property and Environment Research Center
September 13, 2010

Real Estate Finance Journal, pp. 77-91, Fall 2010

Abstract:     
The Real Estate Market Index (“REMI”) combines sales price, sales volume and days on market into a summary measure of market activity or liquidity. The REMI, which rises with price or volume and falls with days on market, is more sensitive to market sentiment than indices based on price alone, e.g., the Case-Schiller Index. The REMI is useful to people who want a measure of market liquidity. Data from over 19,000 sales that occurred between January 2000 and November 2009 in Mission Viejo, California illustrate the calculation, calibration and application of the REMI.

Number of Pages in PDF File: 13

Keywords: Real estate, liquidity, index, hot markets, Case-Schiller

JEL Classification: R31, C43, G1

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Date posted: November 20, 2006 ; Last revised: September 17, 2010

Suggested Citation

Zetland, David, The Real Estate Market Index (September 13, 2010). Real Estate Finance Journal, pp. 77-91, Fall 2010. Available at SSRN: http://ssrn.com/abstract=1148808

Contact Information

David Zetland (Contact Author)
Wageningen University and Research Center (WUR) - Environmental Economics and Natural Resources Group ( email )
P.O. Box 8130
Wageningen, 6700 EW
Netherlands
PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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