Methodology
Geography covered in this report is Brooklyn.
Time on Market is calculated by how many properties entered contract during the quarter in the given period.
Inventory is calculated based on all properties actively listed during the quarter at the time the report is prepared.
Discount is the percentage diference between the initial list and recorded sale price.
Contract Signed fgures for the current quarter are based on publicly reported transactions at the time the report is prepared. The signed price refects the latest available asking price.
Bedroom Count is the number of bedrooms a property has, as reported in the listing, or acquired from tax records, when available.
Recorded Sales fgures for the quarter are based on known closings recorded at the time the report is prepared.
Current Quarter is refective of the initial day of the quarter until the 20th day of the quarter's closing month. These numbers will be updated in subsequent reports to refect the dataset of the entire quarter.
Median Price is the middle price of a given dataset.
Average Price is the sum of all prices divided by the total number of properties.
Quarters Q1: January 1 - March 31 Q2: April 1 - June 30 Q3: July 1 - September 30 Q4: October 1 - December 31
Months of Supply is an estimated time it would take to sell all current active listings based on the trailing 12-month sales rate.
06
Made with FlippingBook. PDF to flipbook with ease