The following graphs are located in the Market Environment tab. Keep in mind that all graphs are based on the Zip Code of the subject property:
The market index is designed to measure supply versus demand at a local zip code level. The index ranges from 0-100 where values of 43-57 indicate a market in equilibrium. Values above 57 indicate that demand exceeds supply, and that the local area is experiencing a seller's market. Values below 43 indicate that supply exceeds demand, and that the local area is experiencing a buyers's market. Supply is measured using indicators such as inventory and the number of new listings. Demand is measured using indicators such as sales volume, changes in listing prices, and days on market.
Listings available for sale divided by current sales volume. Lower (higher) than average months supply highlights strong (weak) demand in the market that will drive prices up (down).
Days on Market
Number of days from listing to sale. Lower (higher) than average days on market highlights strong (weak) demand in the market which will drive prices up (down).
Estimated Monthly Sales
Estimated monthly sales represents an estimate of the number of properties sold in subject property's zip code over the previous four weeks from the date shown. The series is estimated using the number of listed properties absorbed and the probability of relisting. The estimated sales number displayed includes only properties of the same type as the subject property, and has been smoothed by applying a 13 week moving average.
Inventory (Total Listings)
Inventory represents the number of active listings in the subject property's zip code as of the date shown. The inventory number displayed includes only properties of the same type as the subject property, and has been smoothed by applying a 13 week moving average.
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