Key Market Indicators
Useful indicators include average prices per square metre, days on market, rental yields, and new supply. Combine listing sites, agent feedback, and official statistics where available.
Price per sqm
Compare similar properties in the same area to gauge whether a listing is above or below market.
Regional Differences
Lagos has the highest prices and demand in areas like Lekki, Ikoyi, and VI. Abuja offers planned layouts and government presence. Port Harcourt, Ibadan, and others have their own dynamics. Always analyze at the micro level (estate, neighborhood).
Comparative Market Analysis (CMA)
List recently sold or let properties similar in size, type, and location. Adjust for condition and features. Use the range to estimate fair value. Agents often provide CMAs; you can also gather data from listings.