Number Of Listings

Active Listings

How many listings were for sale during each month. The number of active listings is a “snapshot” of active listings on the 15th of the month. Rather than showing the number of all listings that were active at any time during the month, this chart displays a representation of the number of listings that were active on one day. A trend upward or downward from month to month can be established by using the same day of every month.

New Listings

How many properties were put on the market during each month. It is the total number of listings newly added to the MLS system during the month. (All listings whose Listing Date falls within that particular month.)

Sold Listings

The total number of listings whose sales contracts were completed, or closed, during the month.

Listings Prices

A median price is where half the prices are higher and half the prices are lower.

List Price

Refers to the current list price of a listing.

Sale Price

Refers to the price a listing sold for, and is available only for sold listings.

Active Listings

Listing which were active on a single day of the month, providing a “snapshot” of a day. A trend upward or downward from month to month can be established by using the same day of every month. The 15th of the month is used.

New Listings

All properties put on the market during an entire month.

Sold Listings

All properties whose sales contracts were completed, or closed, during the month.

The Absorption Rate

The Absorption Rate, in Months chart shows how long the current inventory of properties would last at the current rate of sales.  If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market.

Absorption rate is based on two numbers:

• The number of active listings
• The average number of listings sold per month for the previous n months.

The number of active listings is a “snapshot” of listings active on a single day (the 15th of the month). The number of months of sold listings, here, is 12.

The Sold To List Ratio

This chart displays the average ratio of sale price to original list price, in percentage.  This ratio shows how the sale prices of properties compare to their original list prices.  Numbers below 100% indicate that, on average, properties sold for less than their original list prices. Numbers above 100% indicate that, on average, properties sold for more.  The ratio is calculated by dividing the sale price by the original list price.  The Days on Market chart displays the average number of days that sold listings were on the market.  The number for each month is the average days on market for all of the listings whose sale contracts were closed that month.

CDOM

Continuous Days On Market (CDOM), the number of days from when the listing was entered into the system until it was pended.  If there were any days it was off the market (ex. temporarily withdrawn), then those days are subtracted.  If the property was taken off the market (but not sold) and was listed again within 30 days, then the days it was previously on the market are added to CDOM.

The Price Volume

Active List Volume

The total list price value for all listings that were active on the 15th of each month. It is a “snapshot” view of active listings, and a trend upward or downward can be established from month to month.

New list volume

The total list price value for all listings that were newly added to the market during each month.

Sold Sale Volume

The total sale price value of all the properties whose sales contracts were completed, or closed, during the month.

Check back next month for an update on the Staten Island real estate market.  For more interesting articles and real estate tips check out the rest of our real estate blog.