The Real Estate Law Podcast

22 - Understanding Real Estate Market Metrics

September 10, 2021 Jason Muth + Rory Gill Season 1 Episode 22
The Real Estate Law Podcast
22 - Understanding Real Estate Market Metrics
Show Notes

There is a ton of real estate market data out there!

Spreadsheets and tables of numbers can be daunting, but if you're a number-cruncher, it also can be addicting to dig deeper into the specifics.

The challenge involves distilling all this information into actionable intelligence.

Whether you are a buyer, investor, agent, or homeowner, there is no shortage of data when it comes to local housing markets.

With so much information available, it is often hard to know where to begin.

To get started, let’s look at some of the basic metrics all real estate professionals should know, and we will break down what these metrics mean when you're evaluating a property.

Metrics such as:

  • Inventory: Inventory is the total number of active listings in the market.  This item alone will not tell you much unless you compare it against historical data or other information.
  • Median Price: This is the middle percentile listing price of active listings in the market.
  • Days on Market: This is the key piece of data used by real estate agents everywhere.  This explains how long the average active listing has been available.
  • Months of Inventory: This is a key summary of data, explaining how long it would take, at the current rate, to deplete all inventory.

Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!

Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!

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