Knowledge Base

How does the Appraise-It Market Analysis Service perform its calculations?

Below is a row-by-row detail of the calculation process the Appraise-It Market Analysis Service uses to arrive at its results.

 

Total # of Comparable Sales (Settled)

Total # of Comparable Sales (Settled)

This row displays all sold records that closed / settled within the given time period.

 

Absorption Rate

Absorption Rate

This is calculated by dividing the total number of sales for each time period by the months in the time period. This is six months in the Prior 7-12 time period and three months in the Prior 4-6 & Current – 3 Month time periods.

 

Total # of Comparable Active Listings

Total # of Comparable Active Listings

Each field represents a cumulative count of the total number of properties on the market for each time period.

This means if a property was listed during the Prior 7-12 month period and sold in the Current – 3 month period it would be counted as a listing in the Prior 7-12, Prior 4-6, and Current – 3 Months period then as a Sale in the Current – 3 months time period.

Withdrawn, Expired, and Cancelled / Terminated listings are added to the listing counts for the time periods they were active – if they were included in your search.

 

Months of Housing Supply

Months of Housing Supply

This is calculated by dividing the total number of listings by the absorption rate. The resulting number indicates how many months of inventory were on the market during each time period.

 

Median Comparable Sale Price

Median Comparable Sale Price

This field shows the median sale price for the properties that actually sold (have a sold status) during each time period. Pending prices are not a factor considered in this field.

 

Median Comparable Sales Days on Market

Median Comparable Sales Days on Market

This field shows the median days on market for the properties that actually sold (have a sold status) during each time period. Pending days on market are not a factor considered in this field.

 

Median Comparable List Price (includes active)

Median Comparable List Price (includes active)

This field shows the median list price for all properties that were active during this time period. This would include the same group of properties that were included in the Total # of Comparable Active Listings.

 

Median Comparable Listing Days on Market (includes active)

Median Comparable Listing Days on Market (includes active)

This field shows the median days on market for all properties that were active during this time period. This would include the same group of properties that were included in the Total # of Comparable Active Listings.

 

Median Sale Price as % of List Price

Median Sale Price as % of List Price

This field shows the median sale price as a % of list price for the properties that actually sold (have a sold status) during each time period.

It is calculated by finding of the Median List Price of the Closed Sales and dividing it by the Median Comparable Sale Price.

This is not calculated by dividing the Median Comparable List Price by the Median Comparable Sale Price.

 

Please note: It is the responsibility of the appraiser to verify all data and calculations are true and correct. SFREP is not responsible for the accuracy of your MLS data.

See Also

How does the Appraise-It Market Analysis Service work? 

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Last Updated
December 02, 2009

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