According to the newly released Zillow Market Health Index, the nation’s healthiest housing markets in October were clustered in California and the rest of the West.
Zillow’s Market Health Index, calculated on a scale from 0 to 10, is a new measure designed to illustrate the current health of a region’s housing market relative to similar markets nationwide. Because no one number can accurately convey every dynamic in a given area, the Market Health Index incorporates 10 separate measures of housing market health. Calculated monthly at the ZIP code, neighborhood, city, county, metro and state levels, it is a key component of Zillow’s newly redesigned local information pages, aimed at offering users more data, more easily.
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