TRIAD MLS MONTHLY REPORTS

Triad MLS Monthly Broker Metrics Reports

Basic Supply and Demand Reports

• Basic Supply and Demand

- Our search criteria use ALL Residential property types across the entire MLS. Further breakdown can be done by Association, Areas, etc.

- Basically shows a build up of Supply with a Decrease in Demand

- The Linear Group Regression Trend Line could be used with clients to explain the general trend in the market (Can be used to educate clients on what is happening in local market)

- Compare what is Under Contract and Sold

- Bottom of report shows the numeric statistics

- Can also be broken down by County and specific area (Zip, etc.) in order to compare to the whole MLS

- Numeric data on second page values explain different codes:

    䀂 FS - Number of Listings that were for sale during the month

    䀂 UC - Number of listings that went Under Contract during month

    䀂 Avg UC% - Ratio of Listings that went under contract to the number of listings listed during the month

    䀂 Sold # - Number of listings sold during the month

    䀂 Avg Sold % - Ratio of listings sold to the number of listings listed during the month

• Basic Supply and Demand $ Volume

    - Shows above with Dollar Volumes instead of units

    - We’ll show with all three categories to compare with the unit report

    - The numbers show on the bottom of the page and the second page has all the detail for every month in report

Sales Rate Reports

• Months Supply of Inventory (MSI)

    - Generally Accepted Rule (NAR)

        -  Above 6 months supply indicate a buyers market

        - Below 6 months supply indicates a sellers market

o Could use to educate sellers to perhaps gain length in Listing Agreements

- When looking at the numeric data on second page of report

        • FS# indicates total number of listings for sale during the month

        • FS Last Day # indicates the number of listings that were for sale on the     last day of the month

    -These two numbers are shown for comparison purposes as the NAR MSI uses what for sale on the last day of the month to calculate vs. what we are using as total for sale DURING month.

• Average Days on Market

    - Displays DOM for each month at top of each column

    - Shows average DOM at right

    - Using Linear Trend line, indicates a steady rise in DOM over two year period

Price Reports

• Sold – Average Price

    - With such a large search criteria of entire MLS this is hard to quantify unless you narrow down to perhaps each category of property type:

        䀂 Single Family

        䀂 Townhouse

        䀂 Condominium

        䀂 Manufactured

        䀂 Cluster

        䀂 Modular

        䀂 Duplex

     However, this chart will show average sold price over entire residential market and indicates number of units sold as well as average DOM for each month

• Median Price

- Include what is For Sale to show comparison

    䀂 Red indicates where sellers are pricing their properties

    䀂 Green indicates what buyers are paying   

- Could also include ‘New’ which shows listings added in the current month

- This shows that new properties are being priced more accordingly due to market conditions