Welcome to Real Market Reports!
Why Are Real Estate Market Reports Important?As an agent, part of your job includes figuring out where the market has been, where it is now, and where it’s going. Then, once you’ve made sense of things of course, it’s time to explain it all to your clients. But how exactly do you do this in an effective way?Statistical reports can give you a lot of important information about the market. Actually, whether you’re a professional real estate agent or simply an average home owner who is concerned about their investment, nothing is more valued than a clear sense of things. |
The Absorption Rate is a WindsockA windsock tells you the direction and intensity of the wind. Similarly, the absorption rate of real estate is one method to determine how fast homes are selling. Track it over time, and you have a trend. This is a very useful tool that helps real estate agents manage their client’s expectations when listing a home. However, it is important to remember that this is just an estimate and should never be presented as a guarantee of future performance.
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