**Active Inventory** is the number of properties available for sale.in an active status at the end of the month, based on the purchase contract date.

**Absorption Rate **or** Months Supply of Inventory** is the number of months it would take to sell through the available inventory at the current sales rate. These terms are often used interchangeably.

**Cash Sales** is the percent of listings that closed with a cash offer, typically calculated from the buyer financing.

**Closed Sales** is the number of properties sold each period.

**Closed over List Price** is the percentage of listings that closed above the last list price.

**Days on Market** is typically the median number of days between when a property is listed and the contract date. It may/may not included Coming Soon or non-Active status time periods. MLS rules vary on how this is calculated, so check with your MLS if you have additional questions.

**Distressed Listings** is the percent of properties listed in some form of non-standard conditions (Foreclosure, REO, Short Sale).

**Home Affordability Index (HAI) **The Index measures housing affordability for a region. In other words, does a typical family earn enough to qualify for a mortgage on a typical home, based on current interest rates, median income, and median home prices. A higher number means greater affordability.

**List Price** is the current list price for a property.

**List Price Received/List to Sold Price Ratio** is the sales price divided by the final list price expressed as a percentage.

**New Listings** is the number of properties listed each period regardless of current status.

**Original List Price** is the first, or original list price for a property.

**Pending Fallout** is a listing that falls out of a contract.

**Pending Sales **or** New Pendings **or** New Contracts** is the number of properties newly under contract based on purchase contract date.

**Price Changes**

**Number of Price Changes** is the number of listings that had one or more price changes each period.

**Percent of Price Change** is the average percent of net price changes each period.

**Price per Square Foot (PPSF)/Sold $ per SqFt** is the price divided by the square footage of the property. When aggregated as a metric, it is the median of the PPSF for closed listings.

**Sold Dollar Volume** is the sum of the Close Price for all sold properties each period.

**Sold Price **or** Close Price **or** Sales Price**

**Median Sold Price** is the mid-point value where the price for half of the closed sales is higher and half is lower. This is the more economically correct metric for prices.

**Average Sold Price** is sum of the sold dollar volume divided by the number of units sold. This often over states the economics of the market dues to properties in the upper price ranges skewing the data.

**Unsold Listings** are listings that are either expired or withdrawn.