We are going to define some of the most fundamental real estate statistics that are regularly discussed on an ongoing basis. To accomplish this we will make use of the one market of real estate kingdom valley location map which is located in Hood County Texas. Even more granular and precise, we will utilize the single family numbers for homes located in Granbury Tx, a small town of about 8,000 inhabitants that has seen significant growth in real estate over the past 12 months. It is crucial when looking at real estate statistics that you use an amount of data that is big enough to be consistent, but granular enough to convey your message.

The figures we will be referencing are true and exact for the time period which will be discussed, but are being used to determine the real estate statistics the statistic itself.

We've selected Granbury Tx as our example because the expansion of the local real estate market there makes those statics stick out.

If you're looking at data, particularly in the field of real estate, the source of the figures is critically crucial. In most cases, it is the MLS (Multiple Listing Service) provides the most accurate data when it comes to the subject of real estate. This is because they have all listings by all real estate brokers in the area within their databases. To help explain the meaning of the data, we will examine the data for home sales in Granbury Tx, directly from the MLS. These numbers are intended to serve as an example of how to interpret the stats for the data. If you're analyzing real estate data, it's crucial to pay at how the data are collected. In this case we will use only single-family properties within the city of Granbury.

Basic Real Estate Statistics

• Number of sales This is quite easy to comprehend. It is simply the number of single family homes sold in a given month. In the month of January, 2015, there were 51 single family homes sold. One important thing to consider when analyzing this data is whether they're using the under Contract date or when the property actually closed. The two dates usually fall within 30 to 60 days It is essential that you understand which is being referenced. Furthermore, some of the homes estimated, when making use of"under contract "under contract" number may not actually close! In our instance we're using the number of homes that actually shut. For January, 2016, they saw an increase of more than 49% which brought the total number to 77 from 51. Growth of that level is not often seen.
• Sales Volume - Sales Volume is simply the total amount of money spent on single family housing within that month. Once again, when reviewing this figure, it is important to keep the types of properties consistent. If you're looking at two regions to determine which has grown faster and you are including vacant land for one area and you want to also include that land on the second. Like we said in our examples, we only consider single-family properties. If you take a look at the number of sales towards the properties, one would expect sales to rise in line with that However, in this instance, it went up even greater than what the homes (by proportion). The total sales volume of single family homes located in Granbury as of January was $15,191,500 , as opposed to the January of 2015 figure of $9,281,915. This is an increase of more than 63%. Since the sales volume went up at a larger rate than the number of units sold, it reflects the average house sale being more substantial in 2016 than it was in 2015.
• Months of Inventory This is a commonly referred to number when studying the market for real estate. This figure is used to determine at the current sales rate how long it will be to sell out the existing level of inventory. This is indicative of the demand and supply for the market. In the example above it was January of 2015. the level of inventory was nine months. By January of 2016, it dropped to 6 months. This is a 33% drop in the inventory that is available! This means if you are looking to buy a home located in Granbury Tx, it will be a bit more difficult in 2016 because there is less inventory to purchase.
• Median Days to Sell This number simply describes how long it takes for single family properties to be placed under contract. Don't let "to sell" be a source of confusion. To show the exact demand for active homes You must monitor the time taken to go "under agreement". The process for obtaining final lender approval, insurance and finally closing could be affected by the various aspects. In January of 2015, it was reported that the Median Days to Sell was the number 88. This number decreased by over 30% to 61. Again, this indicates that if you're seeking houses located in Granbury TX, you better get your offers in quickly as the most desirable homes are selling quickly!