Metric Definitions & Local Market Area Map
Market Trends Snapshot: Metric Definitions
| New Listings | A count of all listings that have been added in a given month. |
| New Under Contract | A count of all listings that have gone into the Under Contract statuses in a given month. |
| Active Inventory (Avg) | The average number of listings that are in a Coming Soon or Active status in a given month. |
| Under Contract Inventory (Avg) | The average number of listings that are in an Under Contract status in a given month. |
| Total Inventory | The combined average Active and Under Contract inventory in a given month. |
| Closings | A count of all listings that have closed in a given month. |
| Sale Price (Avg) | The average sale price of all listings that have closed in a given month. |
| Sale Price (Med) | The median sale price of all listings that have closed in a given month. Not available for multiple locations. |
| Avg DOM (Closed) | The average number of days that closed listings were in the Active listing status in a given month. |
| List to Contract (Avg) | The average number of days that elapsed between the List Date and an Under Contract status in a given month. |
| Contract to Closed (Avg): | The average number of days that elapsed between an Under Contract status and the Closed Date in a given month. |
| List to Close (Avg) | The average number of days that elapsed between the List Date and Closed Date in a given month. |
| Months of Supply | A count of the On Market Inventory (Coming Soon, Active, and Under Contract-Showing) in a given month divided by the number of closings in the same month. This calculation tells you how many months it would take for all of the current homes on the market to sell. |
Market Trends Timeline: Days on Market Definitions:
| Avg/Med Days on Market (Closed) | The average/median number of days that closed listings were in the Active listing status in a a given month. |
| Avg/Med Days on Market (Contract) | The average/median number of days that listings in the Under Contract statuses were in the Active listing status in a given month. |
| Avg/Med List to Contract | The average/median number of days that elapsed between the List Date and an Under Contract status in a given month. |
| Avg/Med Contract to Close | The average number of days that elapsed between an Under Contract status and the Closed Date in a given month. |
| Avg/Med List to Close | The average/median number of days that elapsed between the List Date and Closed Date in a given month. |
Timeline: Market Activity Definitions:
| New Listings | A count of all listings that have been added in a given month. |
| New Under Contract | A count of all listings that have gone into the Under Contract statuses in a given month. |
| Closings | A count of all listings that have closed in a given month. |
| Cancelled | A count of all listings that have been cancelled in a given month. |
| Expired | A count of all listings that have expired in a given month. |
Timeline: Market Inventory Definitions:
| Active Inventory | The average number of listings that are in a Coming Soon or Active status in a given month. |
| Under Contract Inventory | The average number of listings that are in an Under Contract status in a given month. |
| Total Inventory | The combined average Active and Under Contract inventory in a given month. |
Timeline: Price Per Square Foot Definitions:
| Avg/Med Sale Price / SqFt | The average/median of sale price divided by square footage for each individual listing that closed in a given month. |
| Avg/Med List Price / SqFt (Contract) | The average/median of list price divided by square footage for each individual listing in the Under Contract statuses in a given month. |
| Avg/Med List Price / SqFt (Active) | The average/median of list price divided by square footage for each individual listing in the Active status in a given month. |
Timeline: Pricing Ratios Definitions:
| Avg/Med Sale $ / List $ | The average/median of sale price divided by the list price for each individual listing that closed in a given month. |
| Avg/Med Sale $ / Original List $ | The average/median of sale price divided by the original list price for each individual listing that closed in a given month. |
Timeline: Pricing Trends Definitions:
| Avg/Med Sale Price | The average/median sale price of all listings that have closed in a given month. |
| Avg/Med List Price (Contract) | The average/median list price of all listings in the Under Contract statuses in a given month. |
| Avg/Med List Price (Active) | The average/median list price of all listings in the Active status in a given month. |
Timeline: Showings Definitions:
| Total Showings |
The total number of showings for all listings using the Realtracs Showing Service in a given month. NOTE: If fewer than 3 listings in a search area have had showings within a given month, we will not return data for that time period. This helps to prevent viewing RT Showings data for individual listings. |
Timeline: Supply & Demand Definitions:
| Months of Supply (Active / Closings) | A count of the Active inventory in a given month divided by the number of closings in the same month. This calculation tells you how many months it would take for all of the current homes on the market to sell. |
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