Glossary

 
Active
Listing that is available for a first position offer.  Also referred to as For Sale.
 
Average Days on Market
Values shown are those provided by the MLS.  If the values are not supplied by the MLS, the DOM value represents the number of days from the List Date to the current date (For Sale listings) or the date the listing went under contract or expired.
 
Average Price
The sum of the Sold Prices (for Sold properties) or List Prices (for all other statuses) of the properties divided by the number of properties.
 
Bank Properties
Distressed properties that are in foreclose; or in foreclose and subject to short sale; or owned (REO).
 
Construction Type
Resale - an existing building structure. New - planned construction for the ground-up
 
Expired
The listing has an expired status (also includes withdrawn statuses).
 
For Sale
A listing that is available for a first position offer.    Also referred to as Active.
 
For Sale Last Day of the Month
A listing that is For Sale on the last day of the month.
 
Lot Size
Lot size.  The lot size is measurement in acres or square foot of property land area.
 
Median Price
A median is the numeric value separating the higher half of a set of values from the lower half. The median of a finite list of numbers can be found by arranging all the values from lowest to highest and picking the middle one. If there is an even number of values, then there is no single middle value; the median is then the mean, or average, of the two middle values.
 
MLS IDs
A unique set of characters (numeric or alphanumeric) assigned by an Association of REALTORS® or MLS to each of its member agents.
 
Months Supply of Inventory
An estimation of the amount of time it will take for the listings currently for sale to be under contract. 
 
New
The listing has a List Date that falls within the applicable month, quarter or week.
 
Non-Bank Properties
Properties that are free of any bank mediation (that is, properties that are not in foreclose; or in foreclose and subject to short sale; or owned (REO).
 
Original Price
Sometimes abbreviated as Org Price.  The original list price.
 
Price
For Sold properties, Price is the Sold Price.  For all other statuses, Price is the List Price.
 
Price Change
A reduction or increase in the List Price prior to the listing going under contract. 
 
Quarter
A period of three calendar months.  Q1 (First Quarter) = January, February, March; Q2 = April, May, June; Q3 = July, August, September; Q4 = October, November, December. 
 
Real Estate License Number
Real Estate License number will appear on outgoing emails generated from the system
 
Sold
The listing has closed escrow.
 
SP/OP
Sold Price to Original Price.  The ratio of the sold price (closed price) to the original list price as a percentage.
 
SQFT
Square Footage.  The square footage of the gross living area as reflected in the MLS data.
 
Trend Line – Polynomial
A third order Least Squares Regression trend analysis.
 
Trend Line – Linear
A first order Least Squares Regression trend analysis.
 
Under Contract (UC)
The seller has accepted a first position offer on the listing. 

Compiled with help of DrExplain

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