We have a super intern, Anuj, that runs a set of daily market stats. We track seven key indicators per market so that our clients can make the best buying and selling decision. These indicators are:
1.Sales Price/Sq.ft.
2.Pending Price/Sq.ft
3.Monthly Sales Volume
4.Listing Success Rate
5.Contract Ratio
6.Pending Listing Count
7.Days Inventory
Today, I want to highlight Contract Ratio. Using simple math, Contract Ratio is Pending/Active listings. This key indicator measures the market “hotness” and can also be applied down to zip code or city level. For a normal market, values tend to be between 30-60. The higher the number, the hotter the market. ReZamp is a nationwide brokerage and we have access to more data than the typical investor.
Here are the markets we are currently operating in:
Denver, Las Vegas, Miami, Houston, Orlando/Tampa, Boston, Jacksonville, Phoenix, Tucson, Atlanta, Milwaukee.
So which of these are the hottest market? Here is how the numbers break down:
How hot is your market? Are you using key indicators to determine how aggressive or conservative you should be on your investments?
To receive more market stats and daily deals you can follow us on Twitter @re_zamp or join ReZamp at ReZamp.com.
ReZamp is a real estate brokerage.
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