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 "counting" metrics, like number of new listings or the number of closed sales. In most regions, those numbers go up during the summer and down during the winter, as you can see in the chart below. For these types of metrics, it's best to do Year-over-Year comparisons (using the same month of the prior year).
Non-Seasonal metrics are usually the non-counting metrics, like Median Sales Price. For these metrics, you can use either a Month-over-Month comparison or a Year-over-Year comparison.
NON-SEASONAL METRIC EXAMPLE
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 ...
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 ...
Choosing Median vs Average for metrics
Some stats programs give the user the choice between using Median or Average aggregations for metrics. Domus typically does not offer that choice, and the reason is simple. The decision to choose between Median and Average for any aggregation is ...
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 ...