Real Estate Indicators
- Pricing Trends. Impact: Informs our Offer strategy
- Where is the market heading in the past quarter?
- What is the year over year difference? Which direction is it heading?
- Housing Data Report from realtor.com
- Realtor.com Data
- Average Days on Market. Saturation rate. Impact: Informs our Offer price due to hold time.
- How long does it take to sell a house?
- https://www.zillow.com/sellers-guide/average-time-to-sell-a-house/
- https://www.thebalance.com/how-long-does-it-take-to-sell-a-house-1799050
- https://smartasset.com/mortgage/how-long-does-it-take-to-sell-a-house
- https://www.inman.com/2017/11/10/5-key-factors-average-time-sell-house-every-homeowner-needs-know/
- How long does it take to sell a house?
- How many months (or weeks) supply of inventory is out there? 3 months is balanced. At the rate properties are selling, how long would it take us to sell out the current inventory?
- Housing Starts
- Mortgage Default and foreclosure rates: Google: “Foreclosure Data” and “Default Rate”
- Interest Rates: Impact – Rates determine relative affordability. Can impact sales.
- Overall Economic Conditions: Strong Economy, low unemployment = buyers. Weak or uncertain economy will slow market down.
- Construction Costs: Affect our rehab and holding costs, impact our initial offer.