Summary: Plain-English definitions of the four MLS numbers to check before you look at any property.
| Indicator | What it measures | How to read it |
|---|---|---|
| Months Inventory | Active listings ÷ last month's sold + expired listings | Lower usually favors sellers; higher usually favors buyers |
| Days On Market | Median days from listing to sold / off-market | Rising = market cooling |
| Pending Sales Ratio | Pending sales as a % of active listings | Higher = stronger buyer demand |
| % Of Listings w/ Price Drop | Share of listings with a price cut | Rising = sellers losing pricing power |
Read the direction, not just the number.
- Each tile has a trend line. Click "1 y" to stretch it to 10 years.
- Click the blue ? on any tile for its full definition.