Urban Digs Real Time Market Analytics

Urban Digs Real Time Market Analytics

Urban Digs Real Time Market Analytics: Manhattan Market TrendsUrban Digs Real Time Market Analytics: Real Time Listing Updates

As of February 1, 2012

 

Urban Digs Definitions

ACTIVE Inventory refers to all exclusive listings set to an active listing state in the REBNY Listing Service.  To be counted in ACTIVE Inventory, the listing must be set to an ACTIVE state and have been updated at least once in the last 30 days by the listing broker.

PENDING SALES Inventory refers to all exclusive listings set to a contract signed listing state in the REBNY Listing Service.  To be counted in PENDING SALES Inventory, the listing must first be measured in an ACTIVE state and then be changed to CONTRACT SIGNED state by the listing broker. In addition, the listing broker must maintain the CONTRACT SIGNED state at least once in the last 90 days. All IN CONTRACT listings that do not close within the first 180 days are no longer counted as a pending sale.

OFF-MARKET Inventory refers to all exclusive listings that move from an active state to a ‘off-market’ state in the REBNY Listing Service. To be counted in  OFF-MARKET Inventory, the listing must first be measured in an ACTIVE state and then be changed to an OFF-MARKET (TOTM, POTM, OFF EXCLUSIVE) state by the listing broker. The listing will be measured as off-market as long as the listing state does not change or a period of 270 days is reached. Once a listing is off-market for longer than 270 days, it is no longer counted as off-market inventory.

Source: UrbanDigs.com