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The Average SP is the sum of the total dollar volume divided by the total units sold. The Median SP is the sales price at which half of all sales are above and half of all sales are below. It's helpful to think of it as the "mid-point." Sometimes the Median Sales Price is a better indication of the market than the Average Sales Price, especially when a few sales may distort the Average Sales Price.
Example: Ten sales are in an area. One sold for $1,000,000 and nine sold for $250,000. The Average Sales Price would be $325,000 and the Median Sales Price would be $250,000. Click here for more helpful definitions.
rbiEXPERT is a monthly or annual subscription service offering real estate professionals the ability to dive deeper into critical real estate market trends and statistics they must have to be successful. RBI customers can create, download, embed and email custom reports and charts to their clients and customers. Colorful Interactive Charts show trends by status, house type, price, DOM, square footage and much more. View dynamic heat maps comparing month-over-month and year-over-year trends within 9 regions, 59 counties and more than 900 zip codes. Monthly MarketWatch videos provide your website visitors with a quick look at local market trends.
In this recovering market, real estate analytics and business intelligence are needed more than ever to make informed decisions about real estate. It's vital to understand what's going on in real estate markets at the regional, county and local level. RBI provides the information needed to help real estate professionals ensure their customers' and clients' business decisions are well-informed and sound. RBI provides an easy to use and intuitive interface to the most timely, and most accurate market trends and statistical information -- straight from the MRIS Multiple Listing Service (MLS).
“I use RBI statistics for every buyer consultation, listing presentation and open house to substantiate market performance and place individual property in context. There isn't a more accurate and reliable source for the DC Metro area market.”
Realtor®, GRI; Evers & Co. Real Estate
“I love what RBI is doing with data! It’s so great to see them progressing so quickly with the interactive charts. All this data is now visually at our fingertips!”
Associate Broker, Keller Williams Capital Properties
“I love the size options for graphs that fit into the column style of my blog theme. Best yet, they update automatically to give me the most recent month's data. Looking back at my posts with updated real estate data from RBI is amazing. Thanks RBI for putting together a great product!”
Realtor®, RE/MAX Presidential