Matrix Stats is a very powerful tool that allows users to quickly create customized statistical reports for themselves or their clients. The statistical calculations vary from system to system, but the following provide definitions for some of the most common statistics:
Days to Sell, Average: Sum of the days on market (DOM) for sold properties divided by the count of sold properties. Days on market is calculated from the Original List Date to the Sale Date. The calculation excludes any Length of Escrow (LOE) periods from the Sale Date to the COE Date.
Days to Sell, Median: Days on market (DOM) for sold properties that is midway between the shortest period and longest period from Original List Date to Sale Date, where half the properties were sold in less than the median days to sell and half the properties were sold in more than the median days to sell.
Expired Listings, Number of: Count of expired listings.
List Price, Average: Sum of all the list prices divided by the number of properties listed.
List Price, Median: List Price that is midway between the least expensive and most expensive properties. Half of the properties were listed for more than the median price and half the properties were listed for less than the median price.
Months of Inventory: Number of active OR pending(ie: on market) listings for the month / Number of closed sales for the month.
- Details: “Months of Inventory” is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available.
To understand the data behind this “decimal” value, there is two additional STATS queries you need to do.
1. The first being the “Number of Active Listings” available for a time period…
2. The second being the “Number of Sales” during the same time period…
If you divide the “Number of Active Listings” by the “Number of Sales”, you will get the “Months of Inventory” for each particular month period.
New Listings, Number of: Count of listings with a List Date that falls within the timeframe reported.
Original Price, Average: Sum of all original list prices divided by the number of properties listed.
Original Price, Median: Original list price that is midway between the least expensive and most expensive properties. Half of the properties were originally listed for more than the median original price and half the properties were originally listed for less than the median original price.
Price/SqFt Ratio: Average of the quotient for list price over building square feet.
Sale Price to List Price Ratio: Average of the quotient for sale price over list price.
Sale Price, Average: Sum of all the sale prices divided by the number of properties sold.
Sale Price, Median: Sale price that is midway between the least expensive and most expensive properties after close of escrow (COE) is reported. Half of the properties were listed for more than the median price and half the properties were listed for less than the median price.
Sales, $ Volume: Sum of sale prices on properties sold.