7 Tips to Sharing Real Estate Market Stats & Trends
This post originally aired as a podcast!
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People are looking for helpful information on the real estate market. And if they’re thinking about buying or selling a home, I’m sure they have questions or even concerns you can answer.
When people ask you, “how’s the real estate market?” now’s your opportunity to be a local leader in the industry and a trusted source of information.
How you share this information could make all the difference not only to your real estate marketing but also to the people you serve. So, on this week’s episode, we’re covering “how to share real estate market trends” in an engaging and meaningful way.
When I first got started with real estate marketing, aside from sharing homes, sharing market data was at the top of the list. I'll admit that it took me time to realize that while it was good information, the context wasn’t there. Graphs, charts, and trending stats can be valuable, but what do they mean to local homeowners or those looking to buy or sell?
If you share average days on the market or number of homes sold, you need to think about how a person outside of real estate takes in that information. They don’t have the knowledge that you do and might not be able to see that A + B means C. All they see is stat A and stat B. The impact of C might not come through to them.
You might also be losing interest and an opportunity for engagement.
Despite presenting crucial information, if it’s not tailored towards your ideal buyer or seller, they might scroll right on past it. Sharing market data is essential - especially right now. People are concerned about the economy, unemployment rates, and if they’re going to start seeing foreclosures on their streets. These are meaningful conversations that we need to have.
So, on today's podcast I'm covering 7 tips to sharing market trends that will lead to those meaningful conversations.
Tune in to the podcast to hear about each one!
🎧 Listen to the show on Apple Podcasts | Spotify
As we navigate through an ever-changing landscape, it’s essential to communicate information in a way that not only informs but also engages our audience.
In this blog, I’ll outline seven actionable tips that can make a world of difference in how you share market trends. Plus, I’ve got a bonus tip that you won’t want to miss!
1. Educate Yourself First
Before you can educate others, you need to have a firm grasp on the information you’re sharing. Understanding market trends, statistics, and relevant data is crucial. I can’t stress enough how important it is to stay informed.
Take the time to study market reports, research trends, and keep an eye on industry news. Whether it's through online resources, webinars, or good old-fashioned books, immersing yourself in the knowledge will not only boost your confidence but also enhance the value you provide to your audience. People will appreciate your insights, and they will trust you as a knowledgeable source.
2. Be Genuine in Your Presentation
When presenting real estate market data, authenticity is key. Being genuine in how you communicate can foster trust and connection with your audience. This means being open about your expertise and the sources of your information.
Remember, people can spot insincerity from a mile away. Share your thoughts and feelings about the data you're presenting. Explain why it matters and how it affects your audience's lives. By being genuine, you create a sense of connection, making it more likely that your audience will engage with your content.
3. Answer Specific Questions
One effective way to engage your audience is to answer specific questions they have about the market. Instead of throwing out a bunch of statistics, consider addressing common inquiries directly.
For example, you might ask, "What does the current market trend mean for first-time homebuyers?" By tailoring your content to answer specific questions, you’ll keep your audience engaged and make the information more relevant to them. This approach not only shows that you understand their concerns but also positions you as an expert who can guide them through the complexities of the real estate market.
4. Don’t Share Stats Alone
It's easy to get caught up in presenting numbers and statistics, but sharing stats without context can leave your audience confused. Avoid simply stating numbers; instead, provide context to help people understand what those numbers mean.
For example, instead of saying, "Home prices increased by 10%," explain the implications: "Home prices have increased by 10%, which could mean it's a great time to sell, but it may also pose challenges for first-time buyers trying to enter the market." This context not only helps your audience grasp the significance of the data but also encourages them to think critically about how it affects their own situations.
5. Avoid Industry Jargon
Using industry jargon can create a barrier between you and your audience. What may seem like common terms to you might be completely unfamiliar to someone outside the real estate industry.
To keep people engaged, strive for clarity. If you’re unsure whether something is jargon, ask someone outside the industry for their thoughts. For instance, when discussing local market trends, simplify your language so that anyone can understand it. The goal is to make the information accessible, allowing your audience to connect with the content on a deeper level.
6. Cite Your Sources
Credibility is paramount when sharing market data. Make it a habit to cite where your information comes from. If you’re presenting market statistics, include the source and the time frame of that information.
By doing this, you’re not just throwing numbers out there; you’re building trust. Your audience can see that you’re referencing reputable sources, which reinforces your authority in the real estate market. No one wants to feel like they’re being sold a line; they want real, trustworthy information.
7. Include a Call to Action
Having a clear call to action is essential for engaging your audience. What do you want them to do after consuming your content? Perhaps it’s contacting you for more information, signing up for a newsletter, or exploring a tool that helps them understand their home value.
The call to action doesn't always have to be about collecting emails or phone numbers. It could simply be about encouraging your audience to reach out with questions or to start a conversation. Make it clear what the next logical step is for them, so they know how to engage further.
For those looking for additional guidance, I recommend checking out Episode 14 of the podcast, where we dive deeper into the elements of a great lead capture.
Bonus Tip: Present Information in an Engaging Way
Finally, don’t underestimate the power of presentation. If you’re going through the effort of curating information, make sure to present it in an engaging manner.
Consider creating a video—this could be a selfie video where you explain why the data matters or even a Zoom session where you invite your sphere to discuss local market trends. Remember, the average person likely won’t read a lengthy essay about the market, so keeping your content bite-sized and engaging is crucial.
Make it appealing to your audience by considering how they will view the information. It's not just about making it pretty; it’s about making it relatable and digestible. Always direct your message toward your intended audience, whether you’re utilizing social media, blogs, or email marketing.
The Importance of Your Expertise
In a time when people are inundated with information, your voice as a real estate expert is more important than ever. People are asking questions, and if they're not asking you directly, this is a golden opportunity to step up and provide the answers they seek.
Your presentation of real estate market trends can significantly impact those who rely on your expertise. Don’t let the fear of being seen as a salesperson deter you from sharing valuable insights. Presenting market data in an engaging and impactful way will not only help with your branding but can also make a meaningful difference in someone's life.
Next time you prepare to share real estate market data, remember these seven essential tips. They can truly transform how you communicate with your audience. As we wrap up today’s discussion, I encourage you to take these tips to heart.
Remember, in a climate of uncertainty, your knowledge can be a guiding light for those seeking clarity. Be the trusted resource they turn to for real information, not just sales pitches.
For more resources, visit my website at ideasforerealestate.com. There, you’ll find an array of materials, including marketing templates and cheat sheets that can assist you in your real estate journey.
You can also connect with me on Instagram for daily updates and insights. I’ll see you all in the next episode!