After performing a search and viewing the matching listings, one of the icons in the upper right corner of the screen, , opens the CMA Summary/Quick Stats report:
The CMA Summary report is broken down into sections based on property type and status. At the end of each section, there is a table of statistics that corresponds to that specific section. This table provides a wealth of information regarding each group of listings, such as the average price per square foot or the sales price to list price ratio (if your report includes closed listings):
You can also click the Quick Statistics/Charts option at the top center of the report to include additional charts/graphical representations of the listing data (known as CMA Quick Stats):
The CMA Quick Stats tables are broken down a little differently than the CMA Summary. CMA Quick Stats groups all property types together (whereas the CMA Summary creates a separate section for each). Additionally, CMA Quick Stats groups Coming Soon listings with the other Active listings (these are separate sections on the CMA Summary). It is important to remember these distinctions if you are comparing the data between the two reports against one another.
To get the most benefit from the data, it is important to understand how to read the table. It is also important to remeber that the scope of your search will determine the number and types of sections you get. The more property types and statuses you include in your search, the more sections your report will contain.
Within each section, you'll see statistcal breakdowns of about a dozen metrics. Some of the metrics used are: number of Beds/Baths, total sqft, DOM and price per sqft (for both list and closed price). Each of these metrics has its own column.
The table also provides four different analyses of each metric: Minimum, Maximum, Average and Median.
It is important to realize that each row of the chart does not necessarily represent the same listing.
Let's use the Total section from our CMA Quick Stats chart as an example:
If you are just looking at the numbers in the Max row (in the image above), it doesn't mean that just one of the 47 listings from our search had 5 beds, 5 baths, 3,928 sqft, etc.
It means that, within that group 47 listings, the listing that has the most bedrooms has 5, the listing with the most bathrooms has 5, etc. In many instances, each of those columns will represent a different listing. It does not mean that the entire row represents just one listing.
Depending on your search criteria, it is possible (though not likely) that one of the rows could represent just one listing. That will most likely occur if one of the matching listings is an outlier that is wildly different than the rest of your search results. This would most likely appear in either the Min or Max row and result from a search that yielded a very small number of listings.
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