Excellent blog post ! I totally agree that you need to know your market’s pulse 

A great list! One exception...

• New Listings
• Median Sales Price
• Time on the Market (irrelevent during COVID per our MLS & Board).
• Pending vs Active Listings
• List Price vs Sale Price

Denise Lones those are very good helpful list of things to track.

Great article, Denise. Those are very helpful tips. I think it's especially important to track the market statistics right now when everything changes so fast.

Thank you very much for sharing this report.

Take care, be safe and have a great weekend.

Hi Denise- knowing this can set an agent apart from others. You let your clients know that you are on top of the market. 

this is excellent advice - and this is why I like doing market repprts - those numbers are important to know 

Good morning Denise Lones,

I'm so glad that Kathy Streib featured your post in her "Ah-ha" moments for the week. You are so right to keep your clients coming back to you as a trusted resource you must know and show the data in all 5 of your categories if you expect them to understand the market place and be able to move forward with decisions.

Good afternoon Denise Lones - I do agree with you.  These areas show be tracked because they are also leading indicators.

Hi Denise Lones 

This is an excellent blog post on knowing which listing stats to track and keep fresh in our heards

The statistics are important to track so we not only know what's going on but can reasonably guide our clients!

I love your presentations. This is another great one. Our List to Sales Price is now at 100.5% - impressive in this market.

Denise, thank you for this informative great article. I experience that home listings in the US altogether continue to be declining during Covid-19 as well as stay home orders are not yet 100% off.

Those are all important things to know for agents who are doing a market analysis for a client.

I do track this information, especially when I have a new listing--I look closely at homes within a 2 mile area or so, similar neighborhoods to see competition and how fast they are selling

This is all good and sound advice, Denise Lones. Knowing your numbers and current market trends are key if you want to be considered a neighborhood or local expert.  Consumers are a lot more educated and savvy than in years past, so you have to know your markets or they will detect that and go elsewhere.

Denise,

Here in Colorado Springs we have to slice and dice the numbers to an even greater level because we are such a diverse market.

We have houses built in the 1800’s, properties with exceptional mountain views, rustic properties, properties in the Black Forest and we have 15 different school districts in our county. More school districts than any other county in Colorado.