The Difference between Year to Date and Annualized metrics
In Market Insights, choosing the 'By Year' time period gives you the additional option of choosing 'Year to Date' or 'Annualized' as the aggregation against which to compare the current year results. Note that the current year on the chart AND the KPI box is always a Year to Date calculation.
When you choose 'Year to Date' (or YTD for short) the chart will display the YTD calculation for every year. So if it's May 15th, the results are for the months of January through April for every year on the chart. (Remember, this dashboard doesn't provide intra-month statistics!)
When you choose 'Annualized', each year on the chart prior to the current year, will display the results for the entire year.
So which one is better? The answer really depends on the type of metric you're reviewing. For Counting metrics (Number of Closed Sales, Number of New Listing, etc.), YTD tends to be a better measure. That's because those metrics are very seasonal. Sales go up each summer and down each winter. But for metrics that aren't seasonal, like Median Price or Percent Distressed, it's better to review those on an Annualized basis.
The Lifecycle of Listing Metrics
There are lots of metrics that can be used to evaluate the real estate market, and they're all related to specific dates in the listing lifecycle. For example "Number of New Listings" are counted based on the Listing Date, and "Number of Closed ...
Create a Luxury Market Seller analysis
Sellers in the High End and Luxury markets can be demanding, and stats can help you communicate with them! Sellers in general want to get the highest price in the shortest amount of time, but higher priced home take longer to sell. To illustrate ...
Why are 2 different time periods showing the same results?
In Market Insights, you can choose to display the dashboard by Month, Quarter, or Year as shown below. However, there are a couple of times a year when the results across specific time periods will be the same. In February, the results by Month and ...
What are Seasonal metrics?
Some metrics are discussed in terms of being "Seasonal" or not, so what does that mean? Put simply, a seasonal metric has some type of observable and consistent pattern that repeats over several time periods. The best examples of this tend to be ...
The difference between Median Price and Average Price
Median Price and Average Price are commonly reported metrics in the real estate market, but they are very different. Let’s step back to college statistics class to revisit them both, and learn why Median is preferred for housing prices. Average: the ...