CHECKLIST: Daily, weekly, monthly and annual metrics to check

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This article was last updated Sept. 22, 2023.

I’ve been at this real estate thing a long time — in fact, more than 35 years. What I’ve learned is that you all wear a lot of hats and have a heck of a lot to keep track of, from generating and managing leads to staying top-of-mind in your market to serving your clients to navigating what can feel like a mountain of paperwork for closing. That can all feel daunting sometimes. 

That’s why we are big fans of putting systems and checklists in place that help you keep tabs on key metrics for your real estate business. After all, knowing these things is how you keep your fingers on the pulse of your business and will alert you when something is or isn’t working as it should. 

Whether you use a CRM or a spreadsheet, the most important part is developing a system that you find easy to use and will give you the information in a way that you find easiest to understand. There are many systems out there, but the best one is the one that works for you.

Daily checklist:

New emails received and replied to

Follow-up emails sent

Social media engagement (likes, shares, comments)

Check website traffic and lead generation sources

Return phone calls from clients and leads

Review and prioritize daily tasks

Check your calendar for upcoming appointments

These daily metrics are essential to keep an eye on so that you can respond quickly to any new leads or client inquiries. Potential clients will be impressed to hear from you so quickly, and emails and social media posts will keep you in front of potential leads.

Staying on top of your daily tasks will help you stay organized and ensure that you’re making the most of your time.

Weekly checklist:

Number of new leads generated

Number of follow-up calls made

Number of appointments scheduled

Number of showings booked

Number of offers received

Number of closings completed

Marketing budget spent and remaining

These metrics can help you assess the progress you’re making on a weekly basis and adjust your strategies as needed.

For example, if you’re not generating enough new leads, you might want to increase your marketing efforts or try a new lead generation strategy. If you are spending more on marketing but not getting a response, a change in marketing tactics or tech tools may be required.

Monthly checklist:

Number of new listings taken

Average days on the market for listings

Average sale price for listings

Total commission earned

Total expenses incurred

Number of referrals received

Website traffic and lead generation sources

Monitoring these metrics on a monthly basis will give you a broader picture of your business performance over time.

You can use this information to make strategic decisions about how to allocate your marketing budget, which neighborhoods to focus your self-promotion and marketing efforts on and how to improve your overall business operations to maximize the use of your time and money.

Annual checklist:

Total number of closings for the year

Total sales volume for the year

Average sale price for the year

Total commission earned for the year

Total expenses incurred for the year

Client satisfaction survey results

Taking a yearly snapshot of your business can help you identify trends and patterns that can inform your long-term strategy. It can also help you set goals for the upcoming year and track your progress over time.

Did you start a new coaching program, and you see results? Did you set more realistic milestones to reach your goals better? This big-picture overview helps you plan for your next year.

The analogy 

These metrics are like a roadmap. You know where you are starting, and you know where you want to end up, and each of these metrics is like a town or tourist attraction along the way.

If you start passing towns and attractions that you weren’t expecting to, it could mean you are on the wrong highway, but a look at your road map will tell you if the road you are on will still get you to where you want to go. There are many ways to your final destination, but using these metrics will keep you on track. (We love a good analogy like this, don’t you?)

The takeaway 

If you are a real estate agent looking to dominate your market, then keeping a close eye on your key metrics on a daily, weekly, monthly, and annual basis is a must. After all, making informed decisions to improve your operations is the key to staying ahead of the competition. 

Don’t settle for mediocrity in your business. With just a little effort and attention to detail, you can position yourself for success and achieve your goals and your next level. Start tracking those metrics so you can move from surviving to thriving.