Statistics - Frequently Asked Questions
What is the Real Estate Trend Indicator report?
When is the Real Estate Trend Indicator report released?
Where can the Real Estate Trend Indicator report be found?
What are the price ranges formats?
What are the differences between the RE Trend Indicator and the RE Trend Indicator - Detach/Attach?
What information does the Real Estate Trend Indicator report contain?
Can the Real Estate Trend Indicator report be customized?
What is the difference between the Average Sales Price and the Median Sales Price?
What are ZIP Code statistics?
What happens when a ZIP Code straddles multiple cities?
Do all ZIP Codes contain data each month?
The Real Estate Trend Indicator report was originally the report that was supplied to NAR
to report existing home sales, which in turn NAR reported to the government. Over time, the
report has evolved into a detailed snapshot of the activity within a jurisdiction for a given month's
time period. The report provides statistical information on home sales, days on market, types
of financing, active inventory, and new contracts.
Currently, there are several statistical reports available in two different pricing formats. The types of reports are
the original Real Estate Trend Indicator report (RETI), the RETI report for Detached/Attached,
Year End reports for RETI and RETI Detached/Attached, and the RETI report in the Virginia format (RRISI).
MRIS releases their Trend Indicator reports monthly, on the tenth. Mid-February is when MRIS
releases Year End Statistical Reports on mris.com. The release date is based on the February first
deadline for agents to submit their comparable data for production awards purposes. The MRIS Statistics Group then leaves itself two weeks in which to thoroughly review and cleanse the data,
ensuring you accurate results.
The Real Estate Trend Indicator report can be found on MRIS's website at:
http://www.mris.com/reports/stats/index.cfm.
There are two price range formats for which the RE Trend Indicator report can be run.
| <$30K to >$500K FORMAT |
<$100K to > $5M FORMAT |
| Under $30,000 |
Under $100,000 |
| $30,000-$39,999 |
$100,000-$149,999 |
| $40,000-$49,999 |
$150,000-$199,999 |
| $50,000-$59,999 |
$200,000-$249,999 |
| $60,000-$69,999 |
$250,000-$299,999 |
| $70,000-$79,999 |
$300,000-$349,999 |
| $80,000-$89,999 |
$350,000-$399,999 |
| $90,000-$99,999 |
$400,000-$449,999 |
| $100,000-$119,999 |
$450,000-$499,999 |
| $120,000-$139,999 |
$500,000-$599,999 |
| $140,000-$159,999 |
$600,000-$699,999 |
| $160,000-$179,999 |
$700,000-$799,999 |
| $180,000-$199,999 |
$800,000-$899,999 |
| $200,000-$249,999 |
$900,000-$999,999 |
| $250,000-$299,999 |
$1,000,000-$2,499,999 |
| $300,000-$399,999 |
$2,500,000-$4,999,999 |
| $400,000-$499,999 |
Over $5,000,000 |
| Over $500,000 |
|
The RE Trend Indicator (RETI) report Detach/Attach offers a breakdown featuring single-family homes
versus townhouses. Additionally, the <$100K to >$5M format RETI report offers a breakdown of Ground Rent versus
condos.
Both the old and new report formats allow you to easily share vital information with your clients.
You can note the number of Residential Unit Sales in a given month for single family homes (broken
down by number of bedrooms) and condo/coops. Active Listings also distinguish between condo/coop sales
and single family sales (Residential). Time on Market displays the DOM for sold properties. Type of
Financing shows the number of units sold for each type (Conventional, FHA, etc.).
The lower portion of each report shows you how a given month's numbers compare to the numbers in the same
month of the previous year. You don't even have to do the math, since the percentage of change is included.
Also in the lower portion of the report, you can note the number of new listings for a given month, New, New
Pendings, the number of properties under Contract and the number marked Contingent.
No, but you can create your own customized statistical reports through Matrix. Four report types
are available: Stats-Days On Market Graph, Stats-Listing Price Graph, Stats-List Price Table and Stats-List
Price and DOM Graph.
The Average Sales Price is the sum of the total sales dollar volume divided by the total number
of units sold. The Median Sales Price is the Sales Price at which half of all sales are above and half
are below. Sometimes the Median Sales Price is a better indication of the actual market than the Average
Sales Price.
They are statistical reports that mirror the format of our monthly <$100K to >$5M reports, but the data are broken down according to each ZIP code, instead according to Location: city or county.
MRIS has used the US Postal Service database to determine each ZIP Code and its corresponding city name. When a ZIP Code straddles multiple cities, MRIS follows the USPS standard. You may enter more than one ZIP Code per report; simply separate each entry with a comma.
A ZIP Code may not display data for a given month, due to lack of market activity in that limited area.
|
