InfoSparks by ShowingTime is an REcolorado tool that allows users to generate, print, and share market statistics. The data is provided to ShowingTime by REcolorado, which also means the data is pulled straight from the information you enter into Matrix. That’s why timely status changes are so important!
In InfoSparks, Metrics are the residential real estate statistics categories available to you. In combination, they are the primary descriptors for what’s going on in the market. Only one metric can be selected at a time, but you can drill the numbers down by County, City, Zip Code, Association/MSA, and even custom map shapes. This means whether you’re in Steamboat Springs, Alamosa, Denver, or another community, InfoSparks can help you showcase your hyperlocal market knowledge to your clients and potential clients.
If you’d like to learn more about how to generate stats from Infosparks/FastStats, as well as Matrix and Realist, be sure to sign up for our Market Intel class!
Access InfoSparks now from the REcolorado Stats | News | Reports section on CONNECT. This information and many more help topics are available in InfoSparks under the User Manual & FAQ.
Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower. Average is the mean sales price for all closed sales in a given month.*
A count of the properties that have been newly listed on the market in a given month.
The number of properties available for sale in active status at the end of a given month. Also known as inventory. For this metric, the “12/6/3 months” calculation is the average of the most recent 12/6/3 months of data. (It’s important to note that this metric is the number of listings that are in active status at the time the data was pulled. It is not the number of listings that were active during the month.)
A count of the properties on which contracts have been accepted in a given month.
A count of the actual sales that have closed in a given month. Calculations are based on sold data. And because the data in InfoSparks comes from the information you input into Matrix, timely status changes are important!
Days on Market
Median or average number of days between when a property is listed and when an offer is accepted in a given month.*
The inventory of homes for sale at the end of a given month, divided by the average monthly Under Contract properties from the last 12 months. Also known as absorption rate.
Pct of Sold $ to List $
Percentage found when dividing a listing’s sales price by its list price, then taking the average or median for all sold listings in a given month, not accounting for seller concessions. Calculations are based on sold data.
Example: A property is listed at $200,000, reduced to $190,000 and taken off the market. Then the same property is listed again at $180,000 a few months later and is further reduced to $175,000. It closes for $160,000. We take the ratio of $160,000: $175,000 or 91.4% instead of $160,000:$200,000 because a new listing ID was issued.
Price Per Sq Ft
Calculations are based on sold data. Prices do not account for seller concessions. Median represents the point at which half of the homes that sold in a given month were priced higher and half were priced lower, divided by the number of finished square feet. Average is the mean sales price for homes sold in a given month divided by the number of finished square feet.*
The total dollar amount of all sales for the selected criteria.
Shows to Contract
The number of showings scheduled per listing that went under contract during the selected reporting period.**
Shows Per Listing
The average number of showings scheduled on active listings per month.**
* Sales with a Days on Market of less than 0 or more than 900, or a Percent of Original Price that is less than 50 percent or more than 200 percent, are added to the sales count but are not factored into price, price per square foot or days on market.
** In order to be included in the calculation of this metric, a listing must be enabled for ShowingTime services and must have a showing in its first 28 days on the market