Ninja Selling Podcast Calming the Storm of Changing Inventory Levels
On today's episode, Matt and Garrett discuss the rise in inventory levels seen in the current marketplace. They explain how inventory levels are affecting agents and how many are making hasty decisions, and then go on to offer tips on how to remain calm through the storm while relying on data trends and systems.
Our hosts begin by illustrating the issue of inventory rise using a speedometer, and explain that, while many are being influenced by fear, those who read the trends will be able to offer their clients what they need. They also address the impact of seasonality on inventory levels and why agents should understand data and trends in order to make smart decisions and help their clients get to where they need to be.
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Episode Highlights:
- Addressing the rise in inventory levels
- How to read the trend
- The impact of seasonality
- Knowing your data
- Staying calm in the current market situation
Quotes:
“It's interesting to watch how fast people freak out when the inventory levels start to rise.”
“But here's what we're trying to do with that information, handling that information to help our buyers and sellers make the best decisions possible for them at that moment.”
“You have to factor in a little bit of seasonality and what actual inventory is selling.”
“Check your inventory levels, check your amount of pendings that you had in the last month, do your average for absorption for the last six months to get a sense of what's going on there.”
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Garrett
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Matt
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