Realtor.com Housing Market Data - Short Review

Product Overview: Realtor.com Housing Market Data

Realtor.com’s Housing Market Data is a comprehensive and robust resource designed to provide detailed insights and statistics on the real estate market. This product is tailored for real estate professionals, researchers, and anyone interested in understanding current and historical housing market trends.

What it Does

The Realtor.com Housing Market Data aggregates and analyzes a vast array of data points from hundreds of sources, including MLS-listed for-sale homes. This data is structured to offer a clear and accurate picture of the housing market at various geographical levels, from national and regional down to zip code, county, metro, and state levels.

Key Features and Functionality

Data Coverage and Granularity

• The data includes multiple metrics such as median listing prices, new listings, active listings, and time on the market. It also covers different property types, including single-family homes and condos/townhomes.
• Users can access both current month data and historical data, which provides a monthly series going back in time, allowing for trend analysis and comparisons over time.

Geographical Breakdown

• Data is available at multiple levels of geography, including national, regional, metro, state, county, and even zip code levels. This allows for highly localized insights into housing markets.

Data Quality and Reliability

• The data is derived from the most comprehensive and accurate database of MLS-listed for-sale homes in the industry. Realtor.com continuously evolves its coverage and fine-tunes its definitions to ensure reliability and comparability across different markets.

Customizable and Detailed Metrics

• Users can access a wide range of metrics, including but not limited to:
• Median listing prices
• Number of new listings
• Active listings
• Time on the market
• Inventory metrics such as the number of active listings and the pace of the market.

User-Friendly Access

• The data is structured for database use, making it easy to integrate into various analytical tools and systems. Files are available for download, and historical data is regularly updated to reflect improvements in data breadth and accuracy.

Timely Updates

• Realtor.com provides both monthly housing trends reports and weekly updates, ensuring users have access to the most current data. This includes weekly housing trends views released every Thursday, as well as monthly video updates from economists.

Annotated Data Points

• For transparency, data points that may be volatile or incomparable over time or across markets are annotated. This includes notes on data quality and usage, which can be found in the data dictionaries.

Additional Resources

• Users can also benefit from other resources such as the REALTOR® Store, which contains historical reports and data, and the Research and Data FAQ page, which provides additional methodology details and resources.

In summary, Realtor.com’s Housing Market Data is an indispensable tool for anyone needing detailed, accurate, and up-to-date information on the real estate market. Its comprehensive coverage, customizable metrics, and user-friendly access make it a valuable resource for both professionals and individuals looking to navigate the housing market.