HomeUnderstanding Altos Research Market ReportsPrinter Friendly Version

Understanding Altos Research Market Reports

1. Report Overview

1.1. Altos Market Report Overview Tutorial

Altos Market Report Overview Watch Video

1.2. PDF Document - Understanding the report

This document will briefly highlight the information and different features available in your Altos reports. Each report contains stats for the specified city or zip code.

2. Concept Explanations

2.1. Our Data

Altos has a proprietary database and market analytics system that we use to prepare our market reports. While we don't disclose the specifics on how our analytics technology works, the thing to understand is we obtain our data from multiple sources including off market. There are a few key things to be aware of that makes our data a bit different than direct from your MLS. We focus on 100% active market. Absorbed is commonly referred to as “Sold”. Our "absorbed" refers to anything that differs from that 100% active state (i.e. pending, expired, removed). Things like DOM, we do active to “absorbed” (absorbed on our terms). We also provide both a 90-day average (trend) and 7-day average that may differ from what a single source provides. 

2.2. What is the Real Time Market Profile?

The Real Time Market Profile provides the most recent data from previous week for the most important statistics. In addition to the data presented you’ll find spark lines (tiny charts) that provide a trend over the last 3 months so you can see how things may have changed.

2.3. What is the Market Action Index - MAI

The MAI is the Market Action Index, our proprietary algorithm.  The MAI is the thermometer of the market, the higher the number the hotter the market.   It answers the question, "How's the market?" by measuring the current rate of sale verses the amount of inventory. With 30 being the base, neither buyers market nor sellers market, when the index goes above 30 it implies a sellers market.  Below 30, conditions favor the buyer.

2.4. What are Market Segments?

Local Market Price Segments! Viewing the segments allows you to dive deeper into the data and see how the market may be different within different price points. With the segments we take all the active listings and list them from most expensive to least expensive.  We then divide that by 4 so that each segment has the same amount of inventory (combine the inventory for each segment and it will equal total inventory for said area).  The top segment will always represent the most expensive 25% of properties whereas the bottom will always represent the least expensive 25% of properties. The "New" is any new listings over the last week.  The "Absorbed" is anything that is no longer 100% active (i.e. pending, sold, expired, removed and etc.).