Back To Report

Mahoning Valley Housing Report Definitions:

  1. Area Definition: The Counties of Trumbull, Mahoning, and Columbiana in the Mahoning Valley of the State of Ohio.
     
  2. Property Types Definition: All residential single family only. No condominium no Lots/Land, Commercial, Multi-family, etc.
     
  3. Active Inventory Definition: (SAI) or Supply of Active Inventory is defined as "All properties that are Active, Contingent, or Pending as of the last day of the month."
     
  4. Absorption Rate of Inventory (ARI) Definition: ARI is defined as "The ratio of all properties that are Active, Contingent, and Pending as of the last day of the month to all properties Sold during the preceding 12 months, multiplied by ‘12 Months’ to yield the monthly rate of inventory absorption."
     
  5. Average Days on Market (DOM) Definition: DOM is defined as "The time between when a property is listed and the time it first goes under Contract/Contingent/Pending."
     
  6. Prices: Sales Price is reported as Median Home Price. "The 'median' is found in a range of numbers by sorting the values of the data in order (highest to lowest) and then selecting the one square in the middle. Should the total number of values in the range be even, then the median is the mean (or mathematical average) of the two middle numbers. The median value usually presents a more accurate picture of the range distribution than a mean, especially when there are extreme  variations in value which would otherwise tilt the data."
     
  7. Twelve by Twelve Month Moving Average Trend Line Definition: The Twelve by Twelve Month Moving Average Trend Line is defined as, "A 12 month moving average of each Key Performance Indicator (KPI). When charted, each value point on the trend line represents the mean average value of the KPI for the preceding 12 months."
     
  8. Report Date: The Mahoning Valley Housing Report will be released no later than three days following the last day of each month.
     
  9. Disclaimer:. These indices are provided on a best-efforts as-is basis as a free service. The MVHR is not audited and may may not be free of statistical, estimation, or omission  errors. RE/MAX Valley Real Estate, Boardman Ohio makes no claim regarding the usefulness or implications of the indices.
     
  10. Use: You are free to frame this information on your site using the link. http://www.ourvalleyhomes.com/mvhr/mvhi-framable.htm.

Back To Report