1)Are your listings about to expire? 🤯
2) Are your buyers ghosting you ? 😬 🥶
As 2022 comes to a close, now more than ever is the time to discuss the current market with your home owners or buyers. With so much mixed information out there, it's important to take a look at the macro and micro level data points.
Is it a buyer's market or a seller's market? What zip code has the most listings? What is the list-to-close ratio on condos in Bay Ridge? What is the absorption rate of single family homes in todt hill ?
A quick look at the Brooklyn MLS data points can provide some insight. Total inventory and total months of inventory are down around 50% from 10 years ago, although this is climbing a bit; I'm sure it's a good metric to be discussing.
In fact, all the MLSs have systems provide a multitude of data points that can be used to discuss with clients. List-to-close ratios, days on market, median and average price points, and more can all be used to inform the customer experience. Don't wait until the new year to start, and if you are already using some of these data sets, then consider adding additional data points to further enhance the customer experience.
Don't let your listings expire in the next five or six days. Renew them and get your clients re-engaged and ready for the start of 2023. 🚀
The Edge in Real estate
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