T
he National Association of REALTORS has launched a member-exclusive tool, the Metro Market Statistics Dashboard, providing real estate professionals with quick access to key market conditions. This dashboard offers insights into housing affordability, home prices, sales activity, and more for over 200 metro areas across the country.

    NAR members can use this data to stay ahead of the market and better serve their clients. The dashboard is updated monthly with new information on shifts in affordability, demand, and economic indicators that influence the market. Members can access key metrics such as housing affordability trends, sales and listing activity, home pricing trends, and demographic data.

    The interactive dashboard also allows members to download custom charts for use in newsletters, social media, and listing presentations. For example, data from the Dallas-Fort Worth-Arlington, Texas area reveals shifts in housing affordability. Members can compare metro areas to national housing trends, such as how mortgage rates affect home sales.

    NAR's data shows that if mortgage rates dropped to 6%, an additional 5.5 million households could afford a median-priced home. Some metro areas would fare better than others under this scenario, including Atlanta, Dallas, Minneapolis, Cleveland, and Kansas City. NAR Chief Economist Lawrence Yun will demonstrate the dashboard during the Real Estate Forecast Summit on July 16.