Decoding Market Trends #shorts #airbnb #realestate #markettrends #airbnbhostingtips #shorttermrental

Name: Decoding Market Trends #shorts #airbnb #realestate #markettrends #airbnbhostingtips #shorttermrental
Uploaded: 2024-07-28T01:15:00+00:00
Duration: 28 s
Channel: Tim Hubbard
Description: A brief YouTube-short-style clip in which Tim Hubbard explains how to interpret supply and average daily rate trends when evaluating short-term rental…

28 Jul 2024 · 0 min

Watch on YouTube

0:28

A brief YouTube-short-style clip in which Tim Hubbard explains how to interpret supply and average daily rate trends when evaluating short-term rental markets. He advises preferring markets where supply and average daily rate rise together (or rates rise faster than supply), and cautions that if supply growth outpaces demand (rates fall or stagnate) the market warrants caution. He also points listeners to data providers like Price Labs and AirDNA for historical checks.

So what we want is a market where the supply is going up, but the average daily rate is also going up, consistent with it, or hopefully even more than the supply is going up. So just know you can get these numbers from companies like Price Labs or airdna Co. It's a great way to check out a market on a historical look and just get a general idea if the supply is really outweighing the demand. If it is, it's probably a market that you want to be a little careful with.