Thank you. Amazing facts. I am a real estate digital marketer based outside US. Your data has really helped me understand my clients realtors and their concerns better. Thanks again!! Great article. Truly awesome stats. I have one question. How are realtors doing now against companies like REDFIN which seems to believe they will disrupt the real estate market by making it easier to buy and sell a home online. They have been in business for 16 years and I have yet to lose any business to them.
In fact, I should thank them. They have dropped the ball with the few they have attracted to their website making it easier for me to sell myself and my business practices. Thanks for the question. Honestly, I think the jury is still out on this one. They are in select, identified markets and make up a relatively small proportion of the agent population. With Zillow dipping its toes in the brokerage market, that could turn the industry on its head, and a company like Redfin — one that already has disruption built into its backstory — is certainly going to see some upside there.
Great question. Thank you! With so many real estate shoppers using Save or Favorite features on mls websites or with aggregators like Zillow, what is considered a good save rate or favorite rate for a listing? Are there other metrics to help determine the performance of your listing that provide insights into likelihood to sell quickly etc. Fantastic question. Unfortunately, there is no universal answer. Plus, the metrics may vary from market to market.
For instance, markets like New York City or Miami are going to get a lot of views on listings from people who have no interest in actually buying, they are just there to entertain themselves, whereas views from more rural markets may be a more serious indicator of interest. Record the data, see what trends emerge for you and your market!
I know right? Love this article. So useful! Question, you say on Feel free to post the source for the data and I can research myself too. The source for this statistic was a National Association of Realtors report. As for the other two pages, the first most visited was the homepage, and I believe the second most visited was property search if you have an IDX feed on your site.
Wow, amazing explained. You have covered so much of insights in this post. There are over 1. Visit for more services options for development. There is plenty to do and is a wonderful place to raise a family.
Are you an agent working in those spots? I work in the home staging industry and specialize in working with occupied listings. Denver is a beautiful town! Trying to keep our comment section civil so please dial it down a bit for the future. What changes do you think have affected the real estate market in Colorado? Consider splitting the home tours over the course of the weekend and not seeing every listing in one day. Seeing five houses each day for two days, versus ten houses in one day allows you to take longer with each separate listing.
The NAR estimates that home buyers tour at least 10 houses before making an offer. This number varies based on the market, how busy it is, and how many homes are for sale. Some lucky home buyers might even know right away. The higher their average sale-to-list price ratio, the better their track record. Seller Resources. Table of Contents. But those are the extremes.
Top producers and teams do more business However, there are also a lot of agents who sell more homes than the average range. Some agents sell fewer homes at a higher price point In measuring the success of an agent, the number of sales — or if you want to count buyer deals as well, then transaction sides — is only a part of the picture. Consider these other measures of performance in your search: Homes sold in your area An agent who regularly sells homes just down the street from yours could have valuable insight into your specific market.
Average days on market Days on market DOM tracks the time between when a house is listed and when it goes under contact with a buyer.
Types of properties sold A listing agent who usually sells single-family homes might not be the best person to stage, market, and navigate the HOA rules of your townhome or condo — and vice versa.
Even more important than how much Realtor commissions are is what you get for the money. You might find a cheap discount service that does absolutely nothing for you except put your property on the MLS. That can make a huge difference in if your property will actually sell, how fast and for how much.
You might not need every service, but you should know whether they include open houses, staging services, professional real estate photography, public and private listings, what the exposure is, and the marketing that they will do for you. Obviously, buying or selling a home is a business transaction. You are looking for a professional service when comparing agents.
You could be married in this business relationship for a while. You want them to do a good job and save you as much money as possible. You want to get along well enough to make it through the length of your listing agreement and the sale at the minimum. You want to make sure you agree and that they will represent you in the strategy you are using. Will they be happy to list and proactively sell your home? Or do they have their own opinions about what you must include and the types of offers they will pass on to you?
Real estate agents are experts in the field. They know better than anyone the ins and outs of market fluctuations, and about how to buy or sell a home. Statistics and data are great clues.
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