• 013 - May Market Update, Using Days On Market to Find Deals, & REI Meetup Notes

  • May 14 2024
  • Length: 17 mins
  • Podcast
013 - May Market Update, Using Days On Market to Find Deals, & REI Meetup Notes  By  cover art

013 - May Market Update, Using Days On Market to Find Deals, & REI Meetup Notes

  • Summary

  • Subscribe to the Midwest Invest Report NEWSLETTER and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe

    Summary

    In this episode, Kyle discusses the May market conditions in Fargo, Moorhead, and West Fargo. He highlights the two different real estate markets within the area based on price points, properties priced at $350,000 and below are in high demand and experiencing a seller's market, while properties priced at $350,000 and above are seeing more stagnation and price reductions. Kyle emphasizes the importance of watching the days on market metric and how it can indicate negotiation power for buyers. He also shares the value of attending local real estate meetups to learn and network.

    #Maymarketconditions #Fargo #Moorhead #WestFargo #sellersmarket #daysonmarket #REI


    Chapters
    00:00
    May Market Conditions in Fargo, Moorhead, and West Fargo
    02:05
    The Two Market Market: $350,000 and Below vs. $350,000 and Above
    05:22
    The Importance of Watching the Days on Market Metric
    09:41
    Negotiation Power in the Market
    14:01
    The Value of Local Real Estate Meetups


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