The Jackson Area Housing Market Index, or JAHMI is a daily calculated index which used to gauge the overall health of the real estate market consisting of Jackson, TN and surrounding West Tennessee communities served by the Central West Tennessee Association of Realtors®.
Since the Jackson Area Housing Market Index is new, there is little historical data to gauge the strength of the current number against. The index is similar to the stock market in that it will continue to rise as home values rise and will fall when home values fall. A speed quotient is built in as well so if properties remain on the market for a longer period of time, the index will rise, or fall, respective to the speed at which properties are being sold.
The Jackson Area Housing Market Index is best used as a tool to determine which direction the market is trending towards and how fast.
On this page, and the home page, there will be a list of today's JAHMI, yesterday's JAHMI, and the JAHMI for one week ago, 3 months ago, 6 months ago, and one year ago.
The Jackson Area Housing Market Index, or JAHMI is a daily calculated indicator that shows the health of the local real estate market covered by the Central West Tennessee Association of Realtors®.
The data relating to real estate for sale on this website comes in part from the IDX Program of the Central West Tennessee Association of Realtors® Multiple Listing Service (MLS) Multiple Listing Service. Copyright 2010-11 MLSCWTAR. All Right Reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Mike Peasley is a Realtor® with Town & Country, Inc. Realtors®, 1944 Hwy 45 ByPass, Jackson TN 38305, (731) 668-7000. Town & Country, Inc. Realtors® is licensed in the State of Tennessee. Town & Country, Inc. Realtors® is a registered trademark licensed to Town & Country, Inc Realtors® Real Estate LLC.
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