October 2023
Glossary of terms
Existing SFR Home Sales: Number of Single-Family Residence (SFR) homes sold during the month.
- A negative % change from last year means that there were fewer homes sold compared to same time last year.
- A positive % change from last year means that there were more homes sold compared to same time last year.
Active Listings: Number of homes available for sale during the month.
- A negative % change from last year means that there were fewer homes available for sale compared to same time last year.
- A positive % change from last year means that there were more homes available for sale compared to same time last year.
Existing SFR Median Price: The median price of Single-Family Residence (SFR) homes sold during the month.
- A negative % change from last year means that homes were less expensive compared to same time last year.
- A positive % change from last year means that homes were more expensive compared to same time last year.
Median Days on Market: The median of the number of days properties were on the market before going Pending.
- This is a good indicator of buyer demand in a given market. Homes taking longer to sell indicates slower demand from buyers while homes selling more quickly indicates an increase in buyer demand.
Sales-to-List Price %: The final sale price at close of escrow relative to the seller’s asking price.
- This is a measure of discounting. If the sales-to-list price ratio is below 100%, sellers are typically receiving less than their full asking price for their homes. If the sales-to-list price is above 100%, sellers are typically receiving more than their full asking price for their homes.
% of Active Listings Reduced: The percentage of homes available for sale that have reduced their asking price.
- This is another measure of discounting. A high percentage of active listings reduced suggests that more sellers in the market lowered the asking price of their homes, while a low percentage of active listings reduced suggests that fewer sellers in the market lowered the asking price of their properties.
