Editing 1course Real Estate (section)

==== Analyzing Real Estate Markets ====
Once you’ve identified potential markets, it’s time to analyze them in detail. Here’s how:

# '''Market Trends and Indicators:'''
#* '''Price Trends:''' Track historical price trends to identify patterns. If prices have been steadily rising, it’s a good sign of a healthy market.
#* '''Days on Market (DOM):''' This metric shows how long properties are listed before they sell. Shorter DOM indicates high demand.
#* '''Rental Yields:''' Even if you’re investing for rental income, understanding rental yields can help gauge overall market health.
# '''Comparative Market Analysis (CMA):'''
#* '''Comparable Properties (Comps):''' Identify recently sold properties similar to the one you’re considering. Look at size, location, condition, and sale price.
#* '''Adjustments:''' Make adjustments for differences between your property and the comps. This helps you estimate your property’s ARV (After Repair Value) accurately.