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All Forum Posts by: Tom Busath

Tom Busath has started 1 posts and replied 1 times.

Post: Buyer's or Seller's Market

Tom BusathPosted
  • Orem, UT
  • Posts 1
  • Votes 0

I'm new to the Real Estate investing world. I'd like to make smart decisions when buying properties. Does anyone have a formula they use to determine whether a city is currently a buyer's or seller's market? 

What sort of factors go into that determination? (ex. Median home price, $/SQFT, # of active listings, sale-to-list price ratio, the prevalence of price cuts on home listings, time-on-market, turnover in that market in the past year)

I'd be interested to hear your thoughts.