3,986,308
REal estate I believe is very local and I encourage my clients to think locally and not Nationally
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Lyn Sims
Schaumburg, IL
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Carol Williams
Wenatchee, WA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Fred Griffin Florida R...
Tallahassee, FL
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Anna Hatridge
Farmington, MO
2,785,306
I read five newspapers a day, misc reading, six books per month, some online activity updates and have my hand on the pulse of local Real Estate. All good
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Lyn Sims
Schaumburg, IL
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Richie Alan Naggar
Riverside, CA
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Carol Williams
Wenatchee, WA
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Fred Griffin Florida R...
Tallahassee, FL
2,684,769
"National" doesn't mean much to me, other than interest rates.
I use data from RPR, my local Boards, and Florida Realtors to assess my local markets.
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Lyn Sims
Schaumburg, IL
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Carol Williams
Wenatchee, WA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
152,661
I keep track of new listings, recent under contracts, and solds. I'm particularly interested in the pricing trends, and the days on market before a property reduces it's price relative to the day it goes under contract. I also believe it's important to pay attention to the local market as the best indicator of what is going on.
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Will Hamm
Aurora, CO
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Carol Williams
Wenatchee, WA
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Fred Griffin Florida R...
Tallahassee, FL
392,768
Every morning I check local housing stats such as new list, price change and expired.
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Will Hamm
Aurora, CO
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Carol Williams
Wenatchee, WA
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Fred Griffin Florida R...
Tallahassee, FL
1,093,347
Local trends are far more important and meaningful to me and my clients.
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Will Hamm
Aurora, CO
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Carol Williams
Wenatchee, WA
1,625,153
You ask if your clients want to know national vs local metrics?
... May I ask........Are you a Utah RE school student?
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Will Hamm
Aurora, CO
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Carol Williams
Wenatchee, WA
1,458,019
I agree with William Feela . . . our local market is a 180 from the national reports.
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Carol Williams
Wenatchee, WA
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Fred Griffin Florida R...
Tallahassee, FL
3,350,439
I only use local data ... state and national data means diddly squat to me in my market / business. I use MLS / RPR ... think hyper-local.
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Will Hamm
Aurora, CO
5,583,328
I honestly never focus nationally but focus locally....
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Will Hamm
Aurora, CO
1,847,621
You've got the makings of a great post there just in your question.
I look at everything & then pick & choose for the monthly update that I do. I start with local stats & then throw in the national ones which in essence, mean nothing.
DOM, Avg sales price, market prices up or down, trends like inventory up or inv down. Interest rates going up or down? Taking longer to close because?
I post every month on it.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
991,652
6,423,496
For me sales and prices of both timber and forest land are important.
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Bob Crane
Stevens Point, WI
634,532
I agree with William Feela that real estate is local. But Kauai is strongly impacted by the resort and second home market so national and international metrics do influence us strongly. I track interest rates, fluctuation in currency values, averages in appreciation and several other things.
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Will Hamm
Aurora, CO
2,378,945
2,189,772
For the benefit of my sellers or buyers, local information was the only thing I felt was pertinent. Real Estate is local. What is happening nationwide (other than interest rates) is of no consequence. I kept close track of local statistics: inventory, sales by price range, months supply by price range, etc. etc. etc.
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Lyn Sims
Schaumburg, IL
3,743,474
4,800,132
I really don't follow the national metrics very much as they are pretty much worthless for my local market. Though, I do stay on top of as much as I can for Florida (statewide) as well as the counties that I work in.
4,966,102
1,506,773
What homes similar to the ones I have listed or am looking at writing offers for are selling for. What happens in Detroit, Texas or Maine doesn't impact California. What happens in Dallas, San Diego or Portland doesn't impact Thousand Oaks.
1,728,667
1,617,916
5,244,268
4,434,177
3,071,489
7,869,902
4,319,773
902,388
You shoud read as much as you can of everything and make sense of it for your market.
3,988,013
I track National Home Builders numbers since I like to focus on new construciton.
1,242,204
Only to investors these stats are of marginal interest. Make an offer 10% over you can be sure most sellers are interested.