L A South Bay Real Estate

The Indicator Glossary contains definitions and explanations of the metric indicators used on this site for market forecasting.

Total Inventory – The total Inventory is the number of properties on the market at a given time or the total number of Active properties.

Unsold Index – The unsold index is the total inventory at the end of each month divided by the number of sales recorded for the month. A value of 2.0 or less is an indication of a strong seller´s market.

Day´s on the market (DOM) -The days on the market is the number of days a property is listed on the market available for sale. When a contract is entered into the DOM clock stops. The values of DOM can be manipulated by a number of factors such as re-listing the same property, price reductions etc. This is the least reliable of our indicators used in absolute terms.

Buyer Sentiment -  Our sentiment Indicator is derived from homes sold over the listed price

Number of Foreclosures – The number of foreclosures is the total number of  loans in the  foreclosure process. This includes properties that receive a Notice of Default, Notice of Trustee Sale, or Real Estate returned to the owner(lender) REO after a trustee sale. The NOD recording date is limited to a maximum of 6 months to be included in the calculation.

Median Home Prices – This is the price at which half of the homes sold are below the price an half are above the price.

Average  Home Price This is the price calculated by adding all the sold prices and dividing by the number of home sold. The number can be greater than the median home price by relatively higher price homes selling.

Pending Sales Ratio Percentage (PSR) – This is the number of sales under contract divided by the by the total inventory. A value under 35% indicates that a buyer´s market exists.

Straight Regression Trend line. – This is a straight trend line drawn between the maximum and minimum points of data.