Best Real Estate Market Report Software in 2024
Staying top-of-mind with past customers is paramount for agents. Most real estate business is still earned from referrals and repeat business. Agents who neglect their database won’t last long.
But what is there to do after a transaction closes? Refrigerator magnets? Christmas cards? Pumpkin carving events? Pop by gifts? That’s all swell, but it would be ideal to be able to continue as a resource for real estate needs.
The monthly market report is the go-to solution.
Homeowners are always interested in their home value, increasing or declining equity, and eager to snoop on their neighbors’ market activity. The market report is a great deliverable to continue keeping your name, face, and the words “real estate” in front of your people.
These reports are often sent on a monthly basis and feature local real estate market data with year-over-year trends, an estimated house price (AVM), recent local home sales, and more. These are often valuable not only to real estate agents but mortgage lenders as well.
And doing it doesn’t have to be tough. There are lots of tools – some free! – that stand ready to help you scalably generate and deliver this information to your sphere.
The Contenders
ePropertyWatch
$29.95+/mo. ePropertyWatch is a tool from CoreLogic, the MLS provider (Matrix) and real estate data kingpin. ePropertyWatch sends emails with monthly market updates featuring CoreLogic’s AVM, local comparable homes, and zip code trends and value history.
Homebeat
$29.08+/mo. Homebeat is a W+R Studios product that can be purchased along with W+R’s other flagship product: Cloud CMA. You have power over the frequency of communication. It’s billed as a “living CMA” for your past clients, delivering ongoing value and keeping you top of mind.
Homebot
$25+/mo, $50 setup. Homebot is “client engagement tool” for agents and lenders. It creates sophisticated home equity reports that can be sent to your database, keeping them apprised of their home value and market conditions. It’s a great way to stay top-of-mind with past clients.
Others
Some other real estate transaction management software options include:
- AreaPulse
- Home Lending Pal
Apart from Cloud CMA’s sister product Homebeat, there is other CMA software that can also serve as a market report. The National Association of Realtors (NAR) owns Realtors Property Resource (RPR), which also generates market reports that can be used to message to your database.
Referral Marketing
I include referral marketing as another category.
Market reports are an obvious component and sub-branch of referral marketing. Referral marketing refers to everything you do to stay in touch with your past clients, and includes services like card services, closing gifts, published materials, and more that is generally targeted at people with which you have an existing relationship.
CRMs
Some CRMs have robust market report features, most famously Top Producer’s Market Snapshot.
Conclusion
Make the most of your database and provide value when you reach out. Don’t do recipes. Don’t do gardening tips.
Keep it real estate focused with home value and market updates so that they connect your name not with spammy, cheap content but with real estate expertise.
Shop Market Report Tools
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Homebot$25.00 -
ListReports$0.00 -
Homebeat$29.08 -
ePropertyWatch$29.95