Multiple area or geography analysis

If you have a client who isn't sure where they want to live, or if you as the agent are new to an area and are trying to learn more, Market Insights can help.  The default setting on the charts is "No Breakout", but whether you're viewing a Time Series or a bar chart Distribution, you can choose to view by property type or geography.

If your buyer isn't sure where they want to live, budget is a good place to start.  This chart compares 3 areas, and it's very clear that the blue line represents an area with a higher median price than either of the other 2 areas.

Another good chart is the Active Inventory Price Distribution by area.  At a glance, you can tell what areas and price ranges have the most options for your client. Looking at both charts together, the green line above, although in the middle in terms of price, actually has the most available inventory in the higher price ranges as seen in the chart below. Taken together, this insight can quickly help to zero in on areas that are within the buyer's requirements.

Using the breakout buttons, you can compare as many areas as you want at once, simply based on what you choose to view in the filter panel.

• Related Articles

• The hierarchy of geography filters

  When you think about market stats, geography is one of the first things that comes to mind.  Depending on the dashboard you're using, you may have one or more geography filters.  If there is more than one, then those filters work slightly different ...

• How to run stats for an area without polygon maps

  When conducting a home search, the ability to draw a custom polygon map can be a useful tool. After you've done that, you may want to draw that same map on your stats solution to understand the economics of that area. But that's a mistake. At a very ...

• How the overall median close price can be up when individual area prices are down

  Have you come across a situation where the overall median sold price is up, but the sold prices by geographic areas are down? Well, sometimes data looks weird, even when it's correct. This is one of those cases. The issue is rooted in the definition ...

• How to create a Price Distribution analysis

  Learn how to create a distribution analysis based on Price Ranges. ​

• How to create a First Time Home Buyer analysis

  When working with first time home buyers, they have a lot of questions, and usually don't even know what they should be asking beyond "Is now a good time to buy?"  For those clients, it's important to keep it simple while still giving them the ...