InfoSparks Metrics

InfoSparks allows you to glean all sorts useful (and interesting) data from your statistical searches. There are around a dozen different options, referred to as Metrics , at the bottom of the screen that provide valuable insight into your search results:

Just select the criteria ( Area, Price Range, Property Type, Beds, Baths, Square Footage ) you would like to use, as well as the Timeline (1/3/5/10 years) and Data intervals (Monthly, Rolling 3/6/12 Months) and the graph will instantly update and plot your results. You can click on any of the metrics to get a different view of your search results.

Note: you will not see any specific listings within InfoSparks- instead, you will see statistical analyses based on the listings that match your search criteria.

Here are definitions for each of the available Metrics:

Sales Price : 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.*

New Listings : 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 "12/6/3 months" calculation is the average of the most recent 12/6/3 months of data.

Pending Sales : A count of the properties on which contracts have been accepted in a given month.

Closed Sales : A count of the actual sales that have closed in a given month. 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.*

Months Supply : The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months. Also known as absorption rate.

Pct of List Price : Percentage found when dividing a listing's sales price by its list price, then taking the average or median 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: $175,000 or 91.4% instead of $160,000:$200,000 because a new listing ID was issued.

Price Per Sq Ft : 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, divided by the number of finished square feet. Average is the mean sales price for homes sold in a given month divided by the number of finished square feet.*

Dollar Volume : The total dollar amount of all sales for the selected criteria.

Shows to Contract : The number of showings scheduled per listing that went into pending status during the selected reporting period.**

Shows Per Listing : The average number of showings scheduled on active listings per month.**

* Sales with a Days on Market of less than 0, or a Percent of Original Price that is less than 50 percent or more than 200 percent are added to the sales count but are not factored into price, price per square foot or days on market.