How did you learn your market?

[Martin Lindsay]

Hey all!

I wanted to ask this question because I feel like it may help some of us who may have hit our ceiling when it comes to learning our market better. Obviously real estate is a never ending journey and you’ll never know everything there is to know, but what did you do you learn and understand your local market?

I’m asking aside from reading the staple books that help understand the general concepts of real estate investing and/or brokerage if you’re an agent. I’m both and agent and investor and I’ve heard of strategies from others such as simply driving around their city and neighborhoods to see what’s selling, what’s being built, what’s closing down etc. I’ve also heard of people studying tax records to see what properties in certain areas sold for what prices over a certain length of time, as well as following the news to see what’s happening in the economy and how it may affect the real estate market as a whole.

I’d love to get a discussion going on what everyone has done or currently does to further educate themselves in their market, because knowledge is power and the more we know the more we grow!