There’s a lot of useful information packed into this one report. Making the most of the data provided can help shape the conversations you have with clients as they take the home-buying journey.
Accessing Your Annual Report
You can find the Annual Report quickly and easily by first logging in to InfoSparks through your MLS portal. Then, click FastStats in the top menu and select Annual Report from the report options on the left side.
Reviewing the Annual Report
Whether you prefer to analyze information in text form or by viewing charts, you’ll find that the Annual Report has the information you need.
The report includes a comprehensive overview that concisely outlines the big picture so that you can incorporate the analysis into your own client conversations or social media posts. Additionally, the report provides insightful charts for at-a-glance details of many different metrics.
For instance, the Closed Sales and Median Sales Price charts break down the changes in the top five and bottom five markets in your area. You can also view data for the top five and bottom five markets for metrics including new listings, pending sales, inventory of homes for sale and days on market until sale, among others.
Data is also available for property types, new construction, showings and price ranges. Finally, the Area Overviews and Area Historical Median Prices tables offer insightful data points to help guide decisions.
This data enables you to build on your already strong knowledge of the local market by being able to share valuable information with your clients and establish expectations. Also, when talking about whether to accept an offer, you can quickly check the percentage of the list price median for that area against the trends, reducing the guesswork.
The Bottom Line
The times are changing. More and more information is available online. All parties involved in a real estate transaction can find trends and statistics using tools widely available across platforms. But when it comes to actually buying or selling a home, consumers still turn to an experienced real estate professional. Tools like the Annual Report help you project confidence that is supported by accurate, dependable data.
*If your MLS has made the Annual Report available for members.
If you’re a real estate professional and belong to an MLS that subscribes to MarketStats by ShowingTime, you already have access to useful reports and charts for every situation.
For MLS and association staff who need to quickly generate reports and charts that summarize local market activity, MarketStats by ShowingTime can help. Click the button below to contact us for more information.