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MLS Market Analysis

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ZZGAMAZZ

Thread Starter
Senior Member
Joined
Jul 23, 2007
Professional Status
Certified Residential Appraiser
State
California
I'm trying to improve my residential market analysis. I'm not sure how to compare current active listings with those at a designated time(s) in the past.

I know I can determine the number of current active listings, and the typical/mean/mode/etc number of days on market for current active listings; however, there's no way to tell if/when they will sell so that seems like a very short-sighted starting point.

If I analyze MLS sales in a specific sub-market at a certain time in the past, I will be able to determine the typical DOM; however, that would be affected significantly by active listings that were cancelled or expired.

A list$/selling$ ratio would probably be helpful but I also need to know how to be effective without providing too much necc.

Anyhow I'm going in circles and desire a relatively straightforward approach to the analysis.
 
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