An article in the latest Chicago Agent Magazine, “Tips for Realtors: How to Deal with Low Inventory in a High Competition Market,” offers some practical tips for REALTORS® dealing with the new real estate market normal: tighter inventories and more competition.
Here are a few ideas, but read the full article for more:
- Intensify your focus on getting more listings, whether they be expired, a new niche, etc.
- Think about organizing a “networking” event to bring related industry professionals (lenders, attorneys, others) together.
- Re-evaluate and reorganize your technology efforts.