YesTalk-212 - How to Keep Up with the Market Changes
Play episode · 13 min

How do you stay up to date with the market as a real estate agent?

To become a real estate market expert, you need to update and keep track of these 12 weekly statistics.

  1. New Listings.
  2. Active Listings
  3. New Pendings
  4. Expired and Cancelled Listings
  5. Off-Market and Withdrawn Listings
  6. Closings
  7. Average days on the market
  8. Average list price
  9. Average sale price
  10. List price to sale price ratio
  11. Price reductions
  12. How many weeks of inventory

Doing this weekly (and consistently!) allows you to see the trends faster and helps you stay on top of what’s happening in your entire market metro area.

When you understand what’s happening in the market, you can best guide your prospects or clients in making decisions. Because you’re a real estate market expert, they will want to work with you.

You can download the free weekly tracker spreadsheet here https://yesmasters.com/marketstats

If you want more advanced training on this, join me for our upcoming 3-day live virtual event Agent Mastery Live Virtual 2020. Get your early bird ticket here https://www.agentmasterylive.com/

Get more exclusive real estate agent trainings here 👉 https://YesMasters.com

Learn How To Get More Real Estate Leads, More Listings, More Sales, with Less Resistance 👉 https://yesmasters.com/freebook

Kevin Ward is a real estate coach, speaker, and trainer at YESMasters.com and #1 Bestselling author of "The Book of YES: The Ultimate Real Estate Agent Conversation Guide."

If this episode helps you, please LIKE, COMMENT & SHARE. Hit SUBSCRIBE to get notices of new episode! Go to YesMasters.com For more killer training videos for REALTORS who want more Yes's and more Successes in their business and in their life! From Kevin Ward, international real estate trainer, speaker, and coach.

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