Default values on Pricing Insights
Recently, someone asked how the default values on Pricing Insights were determined. They were referring to these boxes at the top of the dashboard.
When the dashboard first loads, a median sold price is calculated based on the selected filter criteria. You can see value is in the box on the lower right side of the dashboard below the gauges.
That median sold price is used to populate the Proposed List Price box. The Total Square Feet box is populated with the median square feet of the listings specified by the filter.
Note that the default values are populated with only the first completed query. That means if you select one town and the dashboard starts its refresh, but then you add another town before hiding the filter panel, the default value won't match the median sold price box. That's okay! You're meant to use those boxes to put in your own proposed price, which then won't change as you change filters.
Related Articles
Defining quadrants on Pricing Insights
When using Pricing Insights, you may have noticed that the chart area is segmented into 4 distinct quadrants, defined by the black intersecting lines. The horizontal black line is set at the median sold price of the market defined by the filters. ...Using Pricing Insights
Pricing Insights creates a visual price analysis of a market. This tool will help you narrow in on the right price for new listings quicker based on the overall market, and show your buyers where the properties they're interested in are situated ...Why can I only select 1 property type on Pricing Insights?
On all of the dashboards except for Pricing Insights, you can select multiple property types at once. Pricing Insights is meant to give you a hyper-specific analysis for a particular property, more like a CMA, in order to determine the best price ...Market Insights v5 Pro Features
The newest version of Market Insights is our biggest update yet, so take a look at all those features if you haven't already. In addition, we also added a "Pro" tier of Market Insights especially for clients who want more - more customizations, more ...Market Insights v5 New Features
The newest version of Market Insights is our biggest update yet. While we did a lot of technical "house-cleaning" behind the curtain, here are all the new features that impact you and what you can do with the dashboard. New Design! The chart area is ...