Updated over 1 year ago on . Most recent reply
What are the most important metrics you use to track market direction?
If you were to prioritize the following list from most important to least in any given time period:
- Mortgage rates
- Count of Properties for Sale
- Average Property Sale Price
- Average Property List Price
- Average Sale to List Price Ratio
- % of Sales Over/Under List
- Days to Close (DOM)
- Count of Properties Sold
- Count of Properties with a Price Cut
As a second question. Do you track these on the daily, weekly, monthly, or annual timeline?
Also if I am missing anything please add it in as a new metric!