Introducing the Local Market Insight Report

Posted on July 11, 2011 by Corey Hart



We're proud to introduce the Local Market Insight report, a monthly installment that replaces the Monthly Summary reports. Click here for an example or go to the Reports tab on any county page to find the new report.

NEW features of the report include:

  • The New Pendings and Median Sold Price are graphed to correlate with the RBI Pending Home Sales Index™, which is produced for the DC Metro and Baltimore Metro areas (see our blog for more info on this).
  • Archived reports available back to January, 2001 (the old report only went back to December, 2008).
  • Includes a 5-year Monthly Average (i.e. it takes the last 5 May’s and averages the figures).
  • Includes Month over Month (MoM = May to April), Year over Year (YoY = May to May) and YTD figures for all data items.
  • Header will be personalized with RBI customer’s name (taking the place of the RBI logo in the non-subscriber view).

Sample Screenshot:

A brief Q&A:

Q: I only see this report at the County level, why isn’t it available at the zip code or regional levels?

Currently, the Summary Report is only available at the County level.  The LMI report will only be available for the County level at the moment, but over the next few weeks RBI will be making this report available at the Zip Code and other geo levels for rbiPRO and rbiEXPERT subscribers only.

Q: There is no breakdown for the Single Family Detached or Condo/Coop Inventory, where did it go?  

Active listings are now provided as a composite on the report.   RBI will be offering this entire report with each measurement broken down by Attached or Detached.  This will be coming out in the next few weeks and will be available to those with the rbiPRO or rbiEXPERT product.

Q: The footers for the reports have dates in 2011 even though the data is from prior years, what gives? 

This report has YTD figures and MRIS never reported YTD data in the past.  The back calculations for this data were all performed in the past few months as we prepared to launch this report.   The latest date for any calculation is used as the footer on the report when there is mixed data (monthly, YTD, etc). 

features, rbiPRO
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