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.**