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Updated about 9 years ago on . Most recent reply
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How Does One Acquire Neighborhood/City Market Info
(This may be the more appropriate forum to get more input)
In my current occupation, I'm used to digging for and collecting as much data as possible before making an investment decision. Of course, you can never wait until you have everything, but it seems like there is significantly less one has to work with before starting real estate investing, making one's attempt feel more like a gamble than a calculated risk..
..Or is there?
I am reaching out to ask BP how I would go about getting some of the data below if I wanted to about a neighborhood (or city? not sure, how granular the data gets) real estate market before flipping/buy-and-holding. Thanks, in advance, for your help.
% of retail listings sold (vs withdrawn) in the last 6m
months of supply (of comparable property types)
price ratio between distressed/retail sales (got these 3 from @J Scott)
% of houses sold over asking
average sale to list price
average days on market
% of sales in cash
% of listings receiving multiple offers
(Include here any other data others recommend)
Most Popular Reply
@Francisco FelizI follow total inventory, % pending, and days on market. They are forward indicators for price changes.