How To Analyze Market Activity
You will need more than just the charts to understand specific market activity but they are a great start. We can customize these for specific properties to be able to show you updated information on the fly. If you are looking for specific information, please contact us.
- Active Listings - Properties in Active status are available for sale and have no ratified contracts pending at the end of the time period.
- New Listings - New listings represents the number of new properties placed for sale during the time period.
- New Pendings - New Pendings are those listings that changed to either Contingent or Under Contract during the time period (New Pendings=New Under Contracts + New Contingents). To clarify, there are instances where a listing goes to contract (included in the “new pendings” bucket) and is then settled in that same month (thus, also included in the “sold” bucket).
- Sold Listings – Refers to those listings that went to settlement and closed during the time period.