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What is a Comparative Market Analysis, and What Does It Look Like?

HomeLight

A real estate agent or broker usually compiles information gathered from the multiple listing service ( MLS ), photos of the property, inventory levels, and other market indicators. Location also includes factors like busy roads, nearby commercial property or railroads, parks, retail, and other attractions or detractions.

Marketing 104
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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper.

Agents 77
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Housing data by Bright MLS, Inc. Philadelphia is a hot seller's real estate market by all housing indicators. The following housing report of the Philadelphia Metro Area is based on February 2021 Bright MLS housing data. Day On Market. In Philly, the average was 41 days, showing a strong favorability to sellers.

Marketing 126
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Detroit Michigan Housing Market: Trends & Forecast 2021-2022

Marco Santarelli

On average, homes in Detroit, MI sell after 60 days on the market. The trend for median days on market in Detroit, MI has gone up since last month, and slightly up since last year. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).

Marketing 111
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Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

Local real estate professionals have criticized a recent national research warning of housing market problems in Bakersfield, claiming the study's concerns are grossly exaggerated and that, if anything, circumstances are steady, if not improving. Bakersfield Housing Market Trends 2021. The median listing price per square foot was $147.

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NYC Real Estate Market 2020 Overview

Marco Santarelli

About 1 percent of Redfin customers waived either a financing or inspection contingency last month. Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year. Days on Market increased 17.9 percent to 79 days.

Marketing 142
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San Francisco Bay Area Real Estate Market 2020 Overview

Marco Santarelli

This proposition by Google will add thousands of new homes to the Bay Area real estate market over the next ten years. About $750 million would be used for repurposing Google's own commercial real estate for residential purposes. Median Days on Market equaled 19. . Existing SFR sales in June 2020 were 163, down 8.9%

Marketing 144