Rev Real Estate School | Top Real Estate Agent Training 236 - Predict Your Real Estate Market + Free Tool
Wouldn’t it be great to know what the real estate market is going to do in your city in the future? Well, an easy way that gives us an answer to this within a reasonable degree of confidence.
Predicting the real estate market involves various inputs like net migration, consumer confidence, interest rates, job growth, unemployment, price trends, inventory levels and more. And even if you knew all of the inputs, there would still be unknowns. For example, will interest rates continue to rise, or will they hold steady? We all have a view on this, but nobody knows with full confidence.
In this video and podcast, you are going to learn how to easily predict any real estate market using the free months of inventory prediction method.
With this, you can predict any real estate market; all you need is the last 6 months of inventory for the community or product type. Months of inventory is a power prediction metric because it accounts for both supply (listings) and demand (sales).
You’ll learn how to calculate months of inventory in real estate and how to determine if you are in a buyer’s or seller’s market.
0:00 Intro
0:50 Probability
1:32 Language To Use
2:05 Is A Certain "Months of Inventory" Good or Bad?
3:40 Prediction Statistic or Metric and Examples
5:58 How To Use Months of Inventory (Seller’s Market, Buyer’s Market, Balanced Market)
7:25 Predicting Real Estate Prices
8:38 Using
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Rev Real Estate School is here to teach real estate agents how to become successful in their careers and 2x your production while working 5 days per week by working your SOI. The real estate agent tips and tricks will benefit beginner agents and growing REALTORs® with marketing ideas, database marketing, social media, scripts, dialogues, habits, mindset, networking, skills, and negotiation.