What do you use to track market trends?

What do you use to track market trends?

Real Estate Agent · Philadelphia, PA · Member since 2023 · 81 posts · 40 votes

What tools, platforms, or strategies do you rely on to stay up to date with this ever-changing market? Are you a fan of websites like Zillow or Redfin? Do you follow real estate blogs or utilize local MLS listings? Or do you have a different method or a favorite app that keeps you informed?

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    2y

    Im on a couple realtors email blasts and they send out emails with the data as far as DOM and average sale price.

    I also keep up with permits from the city....

  • Member since 2019 · 7k+ posts · 4k+ votes
    2y
    Quote from @Monica Williams:

    What tools, platforms, or strategies do you rely on to stay up to date with this ever-changing market? Are you a fan of websites like Zillow or Redfin? Do you follow real estate blogs or utilize local MLS listings? Or do you have a different method or a favorite app that keeps you informed?


     yep, ZHI dan redfin market insight. Never disappointed !
    I'm so deep into ZHI and I ask my son to even work at zillow/trulia LOL

  • Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    2y

    Hey @Monica Williams - usually most of my feedback comes from clients that I tour homes with. I get a sense of what the market is feeling from a buyers' perspective as well as feedback from seller's brokers on how motivated a seller is. 

    Alternatively, you can also probably look up absorption rate data from your MLS (my MLS provides it).

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