There are many complicated ways to analyze the market conditions in your local area, enough to confuse and boggle the novice investor’s mind. However, you can keep things simple by using our “MAD” method. This means paying attention to three important factors and noting whether they’re going up or down:
M — Median housing prices
A — Active listings on the market
D — Days on the market
By paying attention to these three simple factors, you’ll get a good snapshot of the state of your local market.