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Updated about 4 years ago on . Most recent reply

Danni Green's profile image
Danni Green's profile image
Danni Green
  • New to Real Estate
  • from East Chicago IN / Fort Wayne, IN
  • Member since Sep 4, 2020
  • Posts 14
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
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14
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Danni Green's profile image
Danni Green's profile image
Danni Green
  • New to Real Estate
  • from East Chicago IN / Fort Wayne, IN
  • Member since Sep 4, 2020
  • Posts 14
  • Votes 16
  • Experience 4 Yrs
  • Investments 1
Connect
Danni Green
  • New to Real Estate
  • East Chicago IN / Fort Wayne, IN
16
Votes |
14
Posts
General Real Estate Investing

What does a 'hot' market mean?

Danni Green
  • New to Real Estate
  • East Chicago IN / Fort Wayne, IN
Posted

Simple question looking for a simple answer. I keep seeing people say the market is hot in regards to their local real estate market. So what do they mean by this?

I'm Gen-Z, so I feel like I should know most codewords but....LOL !! Maybe someone can help?

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Damaso Bautista's profile image
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Damaso Bautista
  • Rental Property Investor
  • from Hawthorne, CA
  • Member since Jan 4, 2018
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Damaso Bautista's profile image
Damaso Bautista's profile image
Damaso Bautista
  • Rental Property Investor
  • from Hawthorne, CA
  • Member since Jan 4, 2018
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Damaso Bautista
  • Rental Property Investor
  • Hawthorne, CA
900
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Damaso Bautista
  • Rental Property Investor
  • Hawthorne, CA
Replied

@Danni Green

Hot Market is when a property goes up for sale for $650,000 and is contingent in hours for $850,000 with multiple offers on the table.

That is a hot market!

I am using Los Angeles California numbers but you get the idea.

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