These are the definitions for the Infosparks chart titles, as defined by Infosparks:
“12 Months” represents rolling 12-month segments of activity of each data point. That is to say from any given month, go back 12 months and total it up. In this view, the historical line graph will generally appear smoothed out. “Monthly,” which shows only a month of activity for each data point, is also an option.
A count of the properties that have been newly listed on the market in a given month.
Homes for Sale
The number of properties available for sale in active status at the end of a given month. Also known as inventory. For this metric, the “12 months” calculation is the average of the most recent 12 months of data.
A count of the properties on which contracts have been accepted in a given month.
A count of the actual sales that have closed in a given month. For those familiar with NorthstarMLS data fields, this includes SOLD and COMP SOLD figures. Calculations are based on sold data.
Days on Market
Median or average number of days between when a property is listed and when an offer is accepted in a given month. Calculations are based on sold data.*
Active inventory vs. the last 12 months of homes deemed Under Contract. Also known as “absorption rate” in some circles.
Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower. Average is the mean sales price for all closed sales in a given month.*
Price Per Square Foot
Calculated by taking an average or a median of closed sales price divided by square footage for each individual listing in the current period. Calculations are based on sold data. Prices do not account for seller concessions.*
Original List Price
Median or average of the first price of a home listing.
Percent of Original Price
Percentage found when dividing a listing’s sales price by its original list price, then taking the average for all sold listings in a given month, not accounting for seller concessions. Calculations are based on sold data. Example:
A property is listed at $200,000, reduced to $190,000 and taken off the market. Then the same property is listed again at $180,000 a few months later and is further reduced to $175,000. It closes for $160,000. We take the ratio of $160,000:$180,000 or 88.9% instead of $160,000:$200,000 because a new listing ID was issued.
Percent of Last List Price
Percentage found when dividing a listing’s sales price by its last listed price, then taking the average for all properties sold in a given month, not accounting for seller concessions. Example:
So using the example from Percent of Original List Price, that same property that was originally listed at $200,000 taken off the market, relisted at $180,000 a few months later, reduced to $175,000 and sold for $160,000 would have a ratio of $160,000:$175,000 or 91.4%.
The total dollar amount of all sales for the selected criteria.
Shows to Pending
The number of showings scheduled per listing that went into pending status during the selected reporting period. Data begins in January 2012.
Shows Per Listing
The average number of showings scheduled on active listings per month. Data begins in January 2012.