Trends & Statistics

Inventory of residential and condominium properties listed for sale (that have not yet accepted an offer).

Residential and condominium properties added to the inventory during the reporting period (included in active listing totals).

Residential and condominium properties where the purchase and sale agreement has been signed by buyer and seller, but the transaction has not closed (pending arrangements for financing, home inspection, sale of buyer’s home, or other reasons). Figures include all transactions that became “pending” during the period unless the listing went back on the market during the same period.

Residential and condominium sale transactions that have closed (the final procedures in a real estate sale during which ownership of a property transfers from seller to buyer in accordance with a contract), documents are executed and/or recorded, and funds are available to the seller. NWMLS monthly statistical reports use the “Status Date” (the date that the listing status was changed to “Sold” in Matrix.)

The ratio of active listings to closed sales (derived by dividing the total number of active listings on the market by the total number of closed sales).

The “middle” price, meaning that there are an equal number of sold units at a higher and lower value, the middle value being the median. Example: If you wanted to find the median sales price for 5 listings with sales prices of $100,000, $200,000, $250,000, $300,000, and $600,000 – the price in the middle of the list is $250,000.