Should you buy, sell, or wait? In this video, Jonas addresses the pivotal decision. Delving into the current market dynamics, Jonas assesses whether it leans towards a buyer’s, seller’s, or balanced real estate market. Throughout the presentation, Jonas unveils the weekly email he shares with his listing clients, showcasing its effectiveness in guiding them through the intricacies of today’s real estate landscape.
Are you considering buying or selling real estate in 2023 or 2024 but feeling uncertain about market trends? Join us as we break down the key factors influencing the market direction and share the tools we use to provide accurate advice to our clients.
Understanding Our Approach
In this informative session, we unveil the weekly email sent to our listing clients, a comprehensive template that guides us in assessing the current real estate landscape. Our goal is to empower you with insights into your property’s performance in today’s dynamic market.
Data Points and Comparative Analysis
We delve into the essential data points, starting with the cumulative days on market. This critical metric helps us evaluate how listings fare compared to others on the market, providing a nuanced understanding of their desirability.
The Multiple Listing Service (MLS) data takes center stage, shedding light on property notifications and portal interactions. By analyzing the number of views, favorites, and property sends, we gain valuable insights into the market’s pulse.
Our focus then shifts to pending properties, providing a week-to-week comparison to gauge market trends accurately. Additionally, we utilize showing time data to monitor the frequency of property viewings, an essential indicator of buyer interest.
Finally, we explore Zillow’s data, offering a consumer-centric perspective on property traffic and engagement.
Comparing 2022 to 2023
With a detailed breakdown of the data points established, we transition to a comparative analysis between 2022 and 2023. The highlights key takeaways, emphasizing changes in closed transactions, price per square foot, and days on market.
Market Insights and Future Projections
Our analysis reveals a notable decrease in closed transactions, suggesting a reduced inventory in 2023 compared to the previous year. Despite a slight drop in the average price per square foot, the market appears to maintain stability, reflecting a balanced equilibrium.
Addressing the concerns of those waiting for a market downturn, we discuss the interplay of limited inventory, sustained buyer demand, and the potential impact of fluctuating interest rates. The conclusion is a glimpse into our approach for the coming months, hinting at future market updates and insights.
Conclusion
Join us on the Miami Valley experience as we navigate the intricacies of the 2023 real estate market. Whether you’re a buyer or a seller, our commitment is to provide you with informed and data-driven advice for your real estate journey.
The Miami Valley Experience YouTube Channel
SLR Experts
Streetlight Realty is located in Washington Twp, OH, and serves the entire Miami Valley. Whether you are looking to buy or sell real estate, we have experts who can assist you in the process. You can call Jonas Helbert at 937-626-4181 or Katie Masters at 937-901-8177 with any Real Estate questions. We are here to help!
Social Media
Lastly, be sure to check us out on our social media pages!
- MVE! Facebook Page
- YouTube
- TikTok
PRIVATE GROUP: Facebook Our private page is full of valuable information and fun conversations.
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