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Bright MLS Launches Tool To Measure Home Demand In Real Time

Inman Connect Bright MLS, a major multiple listing service operating in the Mid-Atlantic region, announced Tuesday that it is launching a new tool to give agents a “forward-looking measure” of housing demand in their respective markets. The tool, called the Bright T3 Home Demand Index, is a collaboration with analytics and real estate ranking firm T3 Sixty. The idea, according to a statement, was that so far most industry data analysis has looked backward and described conditions in the past. Bright MLS, on the other hand, wanted a more predictive tool that could describe conditions as they are likely to be.

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