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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. Transactions - Homes Sold per Month (TPM) and Homes Sold per Year (TPY) : (TPM) or Transactions per Month is defined as the 12 month moving average of single family homes that close during the recording Month. (TPY) or Transactions per Year is defined as a 12 month moving average of the average of the previous 12 months ending on the last day of the recording month.
     
  4. Pending Home Sales: (PHS) are single family homes under contract but not yet closed and are known as 'pending homes.'  Pending homes are considered a leading indicator of future sales. The PHS is a 12 month moving average of single family homes that are pending to close during the recording month.
     
  5. 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."
     
  6. 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."
     
  7. 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." (DOM) is a 12 month moving average of the days on market for all single family homes sold within the recording month.
     
  8. Median Homes Price: (MPS) or median home price is the 12 month moving average the median home price measures for all single family homes sold within the recording month.
     
  9. 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."
     
  10. 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."
     
  11. Report Date: The Mahoning Valley Housing Report will be released no later than three days following the last day of each month.
     
  12. 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.
     
  13. Use: You are free to frame this information on your site using the link. http://www.ourvalleyhomes.com/mvhr/mvhi-framable.htm.

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