* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
For Sale vs. Sold Report
(Based on Single Family Detatched Homes)
About the For Sale vs. Sold Report
- For Sale numbers are the snapshot of the number of property for sale at the end of the month.
- Pended numbers represent the number of properties that went into the "pending" status for that month.
- New Listing numbers represent the number of properties that are new listed for that month.
- Sold numbers represent the number of properties that are sold for that month.
What Does For Sale vs. Sold Report Do?
- It helps determine the trend of market supply and demand.
- It helps determine whether the current market is a seller or buyer market.
- It helps determine the minimum length of the listing period.
- It helps identify which price range the majority of the properties are in, within a given area.
- It helps focus on where the buyer's activities are and the market condition in those areas.
How to Use For Sale vs. Sold Report?
- Use with Average Price Per Sqft Report to set competitive listing price.
- Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
- A downward trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
- An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.
You Should Know
- The properties sold figures are derived from recorded transactions.
- Current monthly sold figures might be adjusted upward on the next month's report. This is to account for any closed transactions that are reported late.
Other Sale vs. Sold Report Variations
For Sale/Sold/Pended
For Sale/Pended
Sold/Pended
For Sale/Sold/Pended/New Listing
For Sale/New Listing
For Sale/Sold/New Listing
For Sale/Pended/New Listing
Sold/Pended/New Listing
Sold/New Listing
Pending/New Listing
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Average Price per Square Footage Report
(Based on Single Family Detatched Homes)
How do you calculate the Average Price per Sqft?
- Average Price per Sqft is the average of sold price divided by square footage of sold listings.
What Does Average Price per Sqft. Report Do?
- It helps establish the market price for an average home.
- It helps determine if there is any change in property value for a specific area in a specific price range.
How to Use Average Price per Sqft. Report?
- Use the highest and lowest monthly average price per square foot on the chart to establish the most marketable price range in a specific area.
- If the home has a larger than normal lot, a special amenity, or is located in an area of social demand, the home price must be adjusted upward.
- Refer to For Sale vs. Sold Report for the number of properties sold per month. If there are less than five properties sold per month for a specific price range, the average price per square foot might be skewed and is not as useful. In this case, an average of the fifteen month's or more figures should be used in setting the price.
You Should Know
- The garage area is not included in the square footage price calculation.
- Individual listings in the MLS system without square foot information are excluded in the average square foot price calculation.
- This report is not available where reporting of property square footage information is prohibited by the local MLS or if you selected Lot and/or Land property types.
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Days On Market (DOM) Report
(Based on Single Family Detatched Homes)
What is DOM?
- DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).
Is Average DOM calculated based on sold listings?
- Yes, it is. Average DOM is the average of DOM of sold properties.
What is CDOM and how is it calculated?
- CDOM stands for continuous days on the market and tracks consecutive listing periods.
- While all MLSs are a little different, the generally accepted rule is that, if a property is re-listed within a 30 day period of it's previous expired, withdrawn, or canceled period, CDOM kicks in and tracks the aggregated listing time of the property. If the property is off the market for 30 days it resets the CDOM. CDOM is usually only measured for a maximum period of two years.
- If you have questions about how CDOM is calculated in your region, please contact us to speak with a representative for your local MLS.
What is Sold/List Price %?
- Sold/List Price % represents the percentage difference between sold price and list price of sold properties.
What is Sold/Orig. List Price %?
- When a property is listed on the market, the list price may change couple times before it gets sold. Original list price is the price that is first entered to the MLS database when a property is listed on the market. Sold/List Price % represents the percentage difference between sold price and original list of sold properties.
What Does Days on Market and Sold/List Price % Report Do?
- This report shows the percentage of sold price / list price at which an equal number of properties are sold above, equal or below the list price.
- It indicates how long it has taken to sell those properties.
- Percentage of sold price / list price helps identify where the market activity is the strongest.
- Days on market figure helps establish the minimum listing period.
- It helps identify the best match for a buyer's price range.
How to Use Days on Market and Sold/List Price % Report?
- If the percentage of sold price / list price is closer to 100 then there are more potential buyers available for the property.
- If a property's listing period is less than the average days on the market, the listing will have a greater chance of expiring before it is sold.
- This report is valuable for out-of-town or relocation buyers to assist them in making an investment decision.
Other Days On Market (DOM) Report Variations
(Based on Single Family Detatched Homes)
Avg. DOM & SP/Orig LP%
Avg. DOM & SP/LP%
SP/LP%
SP/Orig LP %
SP/LP % vs SP/Orig LP %
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Average and Median Sales Price
Avg. Price For Sale & Sold
What Does Average Price For Sale & Sold Graph Mean?
- Average Price For Sale is the average of list price of the properties for sale in a particular month. Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between on and off market pricing.
What Does Average Price For Sale & Sold Report Do?
- It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
- It helps identify where the softest market is and where the buyer can find the biggest price concessions.
- It helps determine if there is any change in property value for a specific area.
How to Use Average Price For Sale & Sold Report?
- Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
- If the average sold price is below the average listing price, and falling, the market is moving toward a buyers' market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers' market.
Median Price Sold
What Does Median Sold Price Report Do?
- The report shows the median price at which an equal number of homes are sold above or below that price.
- Median price helps identify where the market activity is the strongest.
How to Use Average Price For Sale & Sold Report?
- If the property’s listing price is closer to the median price then there are more potential buyers available for the property.
Average Prices & Median Price
What Does Average Price For Sale & Sold graph mean?
- Average Price For Sale is the average of list price of the properties for sale in a particular month. Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between on and off market pricing.
What Does Average Price For Sale & Sold Report Do?
- It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
- It helps identify where the softest market is and where the buyer can find the biggest price concessions.
- It helps determine if there is any change in property value for a specific area.
How to Use Average Price For Sale & Sold Report?
- Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
- If the average sold price is below the average listing price, and falling, the market is moving toward a buyers' market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers' market.
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Real Estate Inventory Report
(Based on Single Family Detatched Homes)
Months of Inventory Based on Closed Sales
About the Months of Inventory Report
There are 2 kinds of Months of Inventory as follows:
- Months of Inventory based on Closed Sales (MOI based on Closed Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold. - Months of Inventory based on Pended Sales (MOI based on Pended Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
Months of Inventory Based on Pended Sales
About the Months of Inventory Report
There are 2 kinds of Months of Inventory as follows:
- Months of Inventory based on Closed Sales (MOI based on Closed Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold. - Months of Inventory based on Pended Sales (MOI based on Pended Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
Absorption Rate based on Closed Sales (%)
About Absorption Rate Report
There are 2 kinds of Absorption Rate as follows:
- Absorption Rate based on Closed Sales (%)
Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage).
For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month. - Absorption Rate based on Pended Sales (%)
Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage).
Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. Absorption Rate is presented as a percentage (%) of the current inventory.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller's market.
Absorption Rate based on Pended Sales (%)
About Absorption Rate Report
There are 2 kinds of Absorption Rate as follows:
- Absorption Rate based on Closed Sales (%)
Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage).
For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month. - Absorption Rate based on Pended Sales (%)
Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage).
Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. Absorption Rate is presented as a percentage (%) of the current inventory.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller's market.
Median Price vs. Months of Inventory Based on Closed Sales
About the Months of Inventory Report Based on Closed Sales
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
What Does Median Sold Price Report Do?
- The report shows the median price at which an equal number of homes are sold above or below that price.
- Median price helps identify where the market activity is the strongest.
* All reports are published based on data available at the end of the preceding month. All reports presented are based on data supplied by BAREIS MLS. Neither elystings.com, the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
TERM |
DEFINITION |
| “For Sale” | The number of properties that were in the active status on the last day of the calendar month. |
| “Sold” | The number of properties that closed sale during the course of a calendar month. |
| “Pended” | The number of properties that went into contract during the course of a calendar month / had a “pending” date of between the 1st and the last day of the calendar month. |
| “New Listing” | The number of properties that had a listed date between the 1st and the last day of the calendar month. |
| “Avg Price per Sqft” | The average price per square foot of properties that closed sale during the course of a calendar month. |
| “Avg DOM” | The average number of days that a property that went off market during the calendar month, spent on the market. |
| “Avg CDOM” | The average number of days a property that went off market during the calendar month, spent on the market, taking into account any previous, consecutive listing periods tracked by the MLS in question. (Refer to your local MLS for their definition of CDOM) |
| “SP/Orig LP %” |
Sold to Original List Price Percentage. The average difference between the price a property was originally listed at and the price that a property finally closed sale at. Original List Price takes into account any price reductions during the course of the listing. For instance, a property was listed at
$100,000. It was reduced after 30 days to $98,000. It then received a buyer offer and finally closed sale at $97,000. Therefore, the SP/Orig LP percentage was 97%. |
| “SP/LP %” | Sold to List Price Percentage. The average difference between the price a property was last listed at before it went into contract and the price that a property finally closed sale at. List Price % does not take into account any price reductions during the course of the listing. For instance, if the last active price before a property went into contract was $100,000 and it finally closed sale at $97,000, the SP/LP percentage was 97%. |
| “Avg. Price For Sale” | The average price of homes that were in the active status as of the last day of the calendar month. |
| “Avg. Price Sold” | The average price of homes that closed transaction/had a close date during the course of the calendar month. |
| “Median Price Sold” | The middle value of all homes sold/closed sale during the course of a calendar month. |
| “Months of Inventory Based on Closed Sales” | Calculated by dividing the number of homes that closed sale in a given calendar month, into the number of homes that were active at the end of a given calendar month. Typically expressed as “If no other homes were listed as of the end of that month, and the current pace of sales prevailed, it would take X number of months to sell through the current inventory.” |
| “Months of Inventory Based on Pended Sales” | Calculated by dividing the number of homes that went into contract in a given calendar month, into the number of homes that were active at the end of a given calendar month. Typically expressed as “If no other homes were listed as of the end of that month, and the current pace of buyer activity (homes going into contract) prevailed, it would take X number of months to sell through the current inventory.” |
| “Absorption Rate Based on Closed Sales” | The INVERSE of Months of Inventory. Calculated by dividing the number of homes that were active at the end of a given calendar month, into the number of homes that closed sale in a given calendar month. The result is a percentage. Typically expressed as “On average, X% of homes for sale were sold during the course of the month” |
| “Absorption Rate Based on Pended Sales” | The INVERSE of Months of Inventory. Calculated by dividing the number of homes that were active at the end of a given calendar month, into the number of homes that went into contract in a given calendar month. The result is a percentage. Typically expressed as “On average, X% of homes for sale went into contract during the course of the month” |