Market Research Short List of Metrics
@Clay Hepler how many days on market should we be targeting? That’s The metric I’m missing for maximum days parcels should be on market for it to be considered a good market? I’ve organized a short list for market research based on week 1’s call. Here’s what I got so far: Sales Price range: $50k min sales prices to $300k max Parcels sold: Min. 20 parcels sold in 6 months STR 45% and up for 6 months STR 90% and up for 12 months Isolate the best moving acreage bands+ not selecting all if some acreage bands are slow 150% and up is a smoking hot market Anything you guys would add or take away? Appreciate everyone’s help