[878] How to Read Your Local Market Like a Pro

[878] How to Read Your Local Market Like a Pro

From 7 Figure Flipping by Bill Allen

May 28, 2026 · 15 min · Episode 878

About this episode

In this episode, Bill Allen discusses how to accurately read local market data to avoid common pitfalls in real estate investing.

Many investors get their OFFER PRICE completely wrong.  Then they end up dropping the price, later or just walking away from the deal cause they can't sell the contract.  In this episode, I break down three free Redfin numbers that tell you exactly where your market stands before you buy, before you list, and long before the panic sets in. You'll learn: What the median days on market number is really telling you, and why the investor who panics at day seven is burning money for no reason The list-to-sell ratio hiding inside Redfin that reveals what homes are actually closing at (not what they're listed at) The price band breakdown that shows which slice of your market is moving, and which is dead Why checking this data when you list is already too late… and the one monthly habit that keeps you three moves ahead of every other investor in your market Knowing your list-to-sell ratio keeps you from overpricing on the exit. But if your ARV was wrong before you bought, no amount of market data saves the deal. The upcoming Deal Analysis Workshop is where you fix that... Learn to run the numbers right before you ever make an offer: Register to our FREE Deal Analysis Workshop…

People in this episode

Host: Bill Allen

Topics covered

  • local market analysis
  • real estate investing
  • offer price strategy
  • market data interpretation
  • deal analysis

Keywords

  • offer price
  • median days on market
  • list-to-sell ratio
  • ARV
  • real estate market

Sponsors

BatchLeads

Mentioned in this episode

Organizations: Redfin

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