Volume 29

MarketStats
August 2020
Answering the Question:
 Is it a Buyer’s or Seller’s Market? 
Throughout most of North America, home sales are on the rise as mortgage interest rates remain low. Buyers are looking to take advantage of low interest rates and sellers are looking to get top-dollar for their home in the low inventory, competitive market.
As an agent, you will often be asked, “Is it a buyer’s or a seller’s market right now?” But, how do you truly determine the answer to this question and provide supporting data? Look to InfoSparks!*
The Local Market Update August 2020
(Jackson County)
Local Market Updates are found in monthly, one-page market reports for
pre-defined geographic areas in the Jackson region for single family properties.

You can create your own custom report in Paragon by clicking on:
>Resources Tab
>MarketStats
>FastStats
The Monthly Indicators Report
August 2020 (Jackson County)
What are Monthly Indicators? 
ShowingTime provides a monthly look at key real estate trends, such as the number of homes for sale, changes in prices and current inventory*, for an entire market or a specific segment. 
This report breaks down the data by Single Family, Townhouse/Condo, New Listings, Pending Sales, Closed Sales, Days on Market Until Sale, Median Sales Price, Average Sales Price, Percent of List Price Received, Housing Affordability Index, Inventory of Homes for Sale and Month’s Supply of Inventory.
You can create your own custom report in Paragon by clicking on:
>Resources Tab >MarketStats
JAAR
Showings Report

What is the ShowingTime Showings Report? 
This report, available with FastStats, can be used to determine buyer interest, calculate total showings and see the number of listings for a given time frame. It breaks down showings into price ranges such as $300,001 to $450,000 or $150,000 and below. It can be segmented for a particular county or give you the totals for an entire area. 
Webinar: Using InfoSparks and FastStats to Understand Your Housing Market
Join us for a webinar on Wednesday, October 14 at 12:00 p.m. CT for an in-depth look at the housing market. We’ll show you how to use InfoSparks and FastStats to better understand local trends, provide market expertise to your clients and as a marketing tool for lead generation. Already using these tools? Bring your questions and we’ll answer them live.
 
Using InfoSparks and FastStats to Understand Your Housing Market
Wednesday, October 14
12:00 -1:00 p.m. CT
Frequently Asked Questions

My MLS/Association provides members with access to MarketStats and I’m excited to jump in! How do I get started?
In most markets, to get started you can log in to your MLS and, from there, choose MarketStats / InfoSparks / FastStats (varies by MLS) from the list of products you’ll see at the top menu.
If this is your first time logging in, we highly recommend making the User Manual & FAQ your first stop. You can find that section at the top right-hand corner of the screen.

How can I access additional MarketStats FAQs and tips?
We provide a number of resources to help users master MarketStats. Visit marketstats.uservoice.com to access the knowledge base, which includes helpful articles and walk-throughs that can benefit even veteran users. 
 
You can also find many helpful MarketStats blogs on our website. Visit showingtime.com/blog/ and use the search box to the right of the screen to find what you’re looking for. 
If you have any content suggestions or topics you would like to learn more about, please email them to newsletterteam@showingtime.com and we will do our best to cover it in a future newsletter.
Jackson Multiple Listing Service | 517-787-6175 | 517-787-2223 | Kelly@JacksonMiHomes.com | www.JacksonMiHomes.com