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 Sales" is based on the Close Date. Measurements that occur closer to the List Date are fresher, and better describe the current state of the market. These are often called "Leading Indicators". On the other side, we have the most information about a listing when it closes. Here's a helpful chart to show you where each metric falls.
Days on Market
% of Distressed Listings
Sold Price per SqFt
Price per SqFt
Temp Off Market
% of List Price Received
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 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 ...
Why do real estate metrics change over time?
One month, a market report shows 300 homes for sale, and the next month the report shows only 298 homes for sale. Yep, that happens. Real estate data, by its very nature, is always changing. Maybe an agent entered a status change a few days late, or ...
Market statistics that don't match across sources
Sometimes we get questions like "why doesn't the number on a Domus dashboard match the number on some other report?" There could be lots of reasons, but unless the vendor who produced the other report can provide all of the listings that went into ...
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 ...