Why Market Data MattersNow More Than Ever

Altos Research – Why Market Data Matters 04/13/23 2

Only Three Questions

What’s for sale? IDX Search

How much is my house worth? CMA

How’s the market? This is your opening!

Altos Research – Why Market Data Matters 04/13/23 3

When they ask, “How’s the market?”

“I want to participate, show me how I can/why I should?” They know the market is bad… But how is it good for them?

A “buying” signal Buying your services – they need an expert Compelling to action – they want guidance

Data Specific to Their Situation

The high-end of the market is moving significantly more slowly than the low end

Sometimes the Data Counter-acts the Headlines

In this market, the low-end (blue) is moving much more slowly.

Altos Research – Why Market Data Matters 04/13/23 6

Technique: The Data and The Story

Q: “How's the market?” A: “Depends on your market!”

Plan the story in advance Then find the data to support it The story is your chance to engage

Illustrate your expertise For example: Sellers into a “Buyer's Market”?, Setting price, market time expectations

Address their unasked questions - honestly What about the bubble? Are we near the bottom?

Altos Research – Why Market Data Matters 04/13/23 7

More Than Just a Price Trend

“Let me show you what I mean” Setting seller expectations

Percent Price Decreased: This is what happens to the over-pricers

DoM: here’s what we’re looking at Buyer off the fence

Inventory: You’re in the highest-demand segment Average vs. Median DoM: the best properties moving

more quickly In the Yard Sign

“I sold this home in a week. Ask me how.”

Setting Seller Expectations: Days-on-Market

High end markets cooling faster

Comparing Areas: Ashburn vs.Sterling

Altos Research – Why Market Data Matters 04/13/23 10

Market Analysis by Price Level (“Quartile”)

Quartile 1: Most expensive 25% of propertiesQuartile 2: Top Middle 25%Quartile 3: Bottom Middle 25%Quartile 4: Least expensive 25% of properties

Example: 80 homes for sale in a market (city or zip code) 4 "quartiles" (groups) each have 20 properties

based on individual property prices. Allows for market definition by price, not just

geography

Median Price Quartiles - Ashburn

Altos Research – Why Market Data Matters 04/13/23 12

How and When to Use The Data In person

Listing presentation With active listings In the yard sign and open house

In their inbox Newsletter Part of your drip, one of your touches

On the web, blog Prospecting, relationship & trust building Lead conversion

Altos Research – Why Market Data Matters 04/13/23 13

Strategies for Data on Your Site

Soft Sell Hard Sell

Blog

Post

s

Dedica

ted

Loca

l

Page

sCha

rt W

idge

ts

Sam

ple

Repor

ts

Lead

For

m

Call t

o

Actio

n

Inform, establish expertise, reach

Convert visitors to leadsGoals:

Presentation:

Style:

Personality, quantity High profile data, Fewer options

Approach:

The Insightful Blog Post

•Links•Articles•Menus•Contacts•Lots of real value

The Strong Call To Action

•One page•Few links•No bling•Sign Up Here•(Also, real value, BTW)

Altos Research – Why Market Data Matters 04/13/23 16

Great Web Site Samples

Blogs: “Homes vs. Condos” – Dru Bloomfield

www.athomeinscottsdale.com Selling a Home in Los Gatos – Mary Pope Handy

www.liveinlosgatos.com Price vs. Days-on-Market – Ginger Wilcox

www.blogbythebay.com Local Market Pages - Jesse Brossa

www.OCExclusives.com Lead Focused – John Harper

www.TheHarperTeam.com

Altos Research – Why Market Data Matters 04/13/23 17

Three Things To Remember

1. How do you answer, “How’s The Market?”

2. Don’t look for expertise in the data, use the data to illustrate your expertise

3. They want the insights/statistics/guidance no matter how you reach them: web, email, print, face-to-face

Altos Research – Why Market Data Matters 04/13/23 18

Altos Research: Contacts

Web: www.AltosResearch.com Phone: 1-888-819-7775 Email: info@altosresearch.com Blog: www.altosresearch.com/blog Twitter: @altosresearch @mikesimonsen

@scottsambucci

18