Do you know the average days on market for the houses being sold by the realtor? Do you know how frequently sellers re-signed with the realtor after the original contract period ran out? Do you know what percentage of appraised value the realtor tends to get for the houses he or she sells?
No, you don’t. Nobody does, except Russ Baris and a few clients.
Russ Baris started a company (called Elumindata http://www.elumindata.com/) to develop analytical solutions for various industries where they are underleveraged. One is the residential real estate industry.
If you’re a realtor, you should seek out Russ and implement his solutions. Maybe someday the information will even be available to those who want to sell their houses.
