Buyer Intelligence: Market Trends and Statistics

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Josh is a Flexmls trainer at FBS.

Your trainer

Josh

Josh joined FBS in 2013 as a member of the CPR team where he enjoys working on conversions, doing member training, and documenting new features in Flexmls. Over the past 12 years he has lived in Texas, Mississippi, Louisiana, and Washington, D.C and North Dakota. Although he recently moved to Texas, Josh considers himself an honorary southerner and enjoys attending anvil shoots, crawfish boils, and using the word y’all with impunity.

Good afternoon, everybody. My name is Josh Hernandez. And today we are having a webinar. Title of it is buyer intelligence. But what we’ll really focus on is looking at market trends and statistics based over time. And if you were in our webinar last week, we looked at some search statistics from a search results screen. We’ll review that today, but then we’re going to dive into some different areas. Let’s look at today’s topics. As you see on screen, we will review a little bit about what we talked about in our last session on statistics. I’ll create a quick search. We’ll look at the stats tab, and then we’re gonna dive into the market trends graphs, which I’ll show you how that differs quite a bit than what the stats tab provides. So let’s just start off though, and there’s a few reasons why I wanna start with a search because we will use a search eventually when we get to the market trends graphs. But let’s just start off on a review of creating a quick search. Now I’m going to exit my full screen so we can bring up Flexmls and I’m just going to select a location, get a snapshot of what the current market activity is. Active, pending, recently closed listings on the market. And then we’ll look at that same type of search but set it over a period of time and we’ll talk about what that means as well. So I’m just going to do everything for today right now from a quick search screen.

I’ll enter the search criteria, select the statuses to include, and then in this example today, I’m going to use the map. I’m going to use a custom map overlay. In our previous example, in the previous session we did, we drew a radius on the map. But I’m actually going to draw a custom shape and save it as an overlay on the map today. So let’s just create a search. And I’m using in the Fargo Moorhead Associations database. I’ll click on Quick Search. And since this may be slightly different than what you’re used to seeing, just like to preface that by saying you may see some different field names than what you’re used to seeing. But everything I do today is applicable to your MLS. You’ll just see different labels when I’m demonstrating than what your MLS may have. So as I said, I’m going to look at these and start putting in specific locations or maybe I want to put in your built and I want to look listings built since two thousand ten. So the the past fifteen years or so. And I could start putting in bedrooms, bathrooms, but I’m also interested in using my map today. And I just want to do a really quick review. Last time we had a training session, I used my map tools, and I used this red push pin to locate an address. Now that’s just searching for a specific address.

It is not looking for a listing that’s on the MLS or has been on previously. That’s just using Google Maps to find an address. And we did that. We drew a radius. I’m not going to do that today. In today’s example, I’m going to use my drawing shapes on the map, and I’m going to save a custom overlay. So I’m just gonna zoom in on my map first. I am using the scroll wheel on my mouse to zoom in and out. And as I’m looking at this map, some examples of why you may want to just do a custom shape on the map. Maybe there’s a new subdivision or maybe there’s a neighborhood and part of the neighborhood is zoned for commercial. You want to exclude that part of the neighborhood.

Whatever it may be, when you want to search via location and it’s not a field that you can just search on here, then I can create that exact shape on my map. So I have three different types of tools. The one I’ll use today is the third one down. It is the freeform polygon. And when I click on this, it sets a point on the map. And every time I click again, it sets another point. So I can get this shape, draw it down the middle of a neighborhood exactly how I want this to be. And I’m just going to kind of follow this little bit of a river here, and I’m just clicking to set these points.

When I am done drawing my shape and I want to stop drawing, you’ll notice it just follows me around until I double click. Once I double click, then it is going to stop drawing. And right now it’s just looking at the shape I’ve drawn and any search criteria I’ve put in. Right now we’re looking at active listings, built, twenty ten or later. I can always add criteria to this. Maybe I wanna make sure that all of these listings have a minimum of two thousand square feet above grade. I could put in that. I can also take that off. I’m just gonna uncheck that right now. Cannot include that. And to look at multiple statuses, you’ll be able to click on your status line here. Select the statuses that you want to include. I’m gonna do pending and closed. I have my off market dates or days back. I can set if I want specific dates or number of days back. I can use those options. Since I have pending, I want that off market date. And since I’ve included closed listings, I’ll include that closed or sold date. So the last time we looked at statistics, we took a search. We drew a radius last time, but now I’ve drawn this shape. And we looked at the stats. And when I click on the stats tab, I describe this as a snapshot in time. It’s telling me of all of these one hundred and three results, how many of them are currently closed? How many are currently active? How many are pending? This is not telling me, oh, within the past year there were twenty active. No. It’s saying that there are currently in that shape that I drew twenty active. Eight of them are currently pending. And then it gives me that information like average number of bedrooms, average number of baths, original list price, sold price, sale to list price ratio for those sold listings. So this is what we looked at last time, but it is just using the current search criteria. So I can see seventy five listings, for example, closed during that past year from, two twenty six twenty twenty four, through today.

But this doesn’t really tell me when I look at the stats. I can look at the average sold price, but I don’t know was the average sold price last year lower or higher or the same as it is this year. It’s not giving me that information over time. So that’s what we’re going to look at now. So I’m going to actually before I leave this, I’m gonna move from stats just back to my edit search page. And I’m going to save this shape that we drew because this is gonna come back into play as we get in and dig deeper into the market trends graphs. So I’m just going to click on this shape that I drew, and I’m going to see it it called Polygon, and I can edit that. And you can name it anything you would like. So maybe you want to name it after maybe it’s an area of new construction and it has a proper name. I’ll call mine area fifty one for today. You could even change the color of that. Maybe I’ll have that nice bright pink color. And then to save it to an as an overlay that I can use anytime I start a search. Save to my map overlays. And I’m just going to I’ve already got some overlay folders. Actually, let me start a new overlay folder called areas. That way I could have area fifty one. I could draw another one area fifty two and put that in there. I could make multiple overlays. So this is kind of like the area folder areas, and I’m just putting in this current shape area fifty one into this folder. So I’ll click on that. Now I can use that anytime I start a search. So if I were to just change my search template and look for example, rental. We’ll see if there are any rental here. Anytime I’m starting to search, once I save an overlay, I can use that search box right at the top.

And now it’s going to looks like I don’t have anything in that as far as rental properties right now. But I can use that on any search. So that’s what I did. I just clicked in that itself in the shape we drew. I clicked on edit, and I saved that as a map overlay. So that’ll come back into play. We’ll circle back around this area fifty one overlay. But now I’m going to shift gears and instead of looking at stats, which are just those quick snapshot of current search results, we’re gonna look at market trends over time.

So I’m going to just come back and I’ll change my slide here. And from the stats tab, instead of that, we’ll look at the market trends graphs. So this is going to provide multiple bit ways to view the state of your market over a set period of time. And we’re going to see a filter on the trends graphs. So I can set my location. I can set my property types. Anything like that. We’re gonna see a time frame. So how far do we want it to go back? Do I want it to go back one year, two years, or more? And then we’ll also see a data table so you can see it in graphic form or in table form. So what this looks like in Flexmls, I’ll go to my menu.

I’m going to just use my search bar and type in the word market.

And I’m see under my statistics section market trends graphs. And I’m going to hover over that, and I’m just gonna click that star. When you click that star, it just puts it on your favorites here. So if you forget where did I click, you’ll see it at the top of my screen, market trends graphs. Gives me one click access to get here. So when I go to market trends graphs, by default, this is looking at your entire MLS. It’s not filtered out to anything specific yet. It may be going back two years by default if you’ve never been here before. So let’s talk about how do we use some of the tools on this page and then I’m gonna delve a little bit deeper into the different ways to look at things. So first thing I want to do is come up to this filter at the top. Right now it says I’m just looking at residential listings, and I start seeing some graphs. We’ll talk about that. And then I see the time frame.

It goes from February of twenty twenty three through the last completed month. It’s looking at months here, not specific dates. So I couldn’t say January fifteenth or February fifteenth. I am looking at a completed month. So the last completed month, I could run it through January of twenty twenty five since we’re still in February right now.

I can change that filter before we start digging into what the graph show.

I’m going to click on filters right at the top and there are a couple different ways to filter. Then the first one this will be fairly familiar to you.

It says quick search, and I see all of my quick search options. When I’m on a quick search page and change the search filter, those are the options that are available to me. So if I’d say, well, let’s look at residential and click on filter. It doesn’t look like the quick search page. The same fields are here, but now it is going to just give me those fields. It’s not like a regular quick search page where I have my map and my search results here.

So a few things to note as I’m creating this search. Let’s do counties. I’m just going to do Cass County for right now. I could do by zip code or postal code. If there are subdivisions or cities that are in my MLS, I could search by those as well. And then I have the fields that would normally be on my quick search template like square footage, above ground square footage, bedrooms, bathrooms, year built.

The important thing here as I am building this. I’m gonna say let’s look at single family as well. But as I’m building this, if I see this option for statuses, You might be tempted to say, well I want to look at include active listings, and pending listings, and closed listings. You can use your control key. But because we’re looking at statistics, and because my previous page sets the date range, I am going to uncheck the statuses. I’m not putting in sold dates here. I’m not putting in pending dates. It’s pulling in all the listings and it will pull them down and separate them statistically out in the date range I set. So don’t use the status on this page. I’m just doing Cass County and then I think I went down here style or subtype single family for this. And once you get to the bottom of the page, again, I’m just going to click on next.

And it will give take just a minute for the information to load.

And you’ll see my filter now says residential Cass County single family. And I see my time frame. I could change my time frame here. Maybe I want it to go from twenty twenty four, just the past year’s worth. If you change that time frame, make sure to move all the way just like you’re reading a book left to right. Click on go at the far right there at the time frame. And that’s going to say, okay, now we’re just looking at the past year’s worth of activity. So I’ve changed my filter. I’ve changed my time frame. Let’s go ahead and look at some of the different ways that we can view this information. Now we’ll go through all of these and I’ll give you a little bit of detail on each. But just to say there are a variety of ways and you can say what displays on each of these six different ways to view the information. So we can look at number of listings. How many listings were there? And we’ll see some options there like how many new listings were there? How many sold listings were there? Price trends. Sale to list price ratio. Days on market. Inventory, and volume.

So here by default, I’m on the number of listings. So this is just total number of listings. That blue line represents if I just go to the bottom, it is the number of active listings. That pink line, number of new listings. So if I wanted to know well in December of twenty twenty four, how many new listings were there, I can hover over that December of twenty twenty four, and it’s going to tell me that there were one hundred and three listings that went on market during that time. It’s not saying they’re currently active. It’s not saying that they were sold. They were just new during that time frame.

But the nice thing about this as I’m looking at any of these, but I’ll start with number of listings.

If I just want to say, well, I only want to see the number of sold listings going back the past year. You can include or exclude any of those options right here.

So now I’m just seeing the number of sold listings from February of twenty twenty four through January of twenty twenty five. So I can see that past year’s trend. We’re very close right now but obviously, during different months that trend is very different.

If I move from number of listings to price trends, I am going to see right now I only have the sold median sale price out here, But you can see there is an option for a lot of different things that I can view for the price trends.

So I can say, well, what’s the average the sold average sale price here. So this is the average sale price on the sold listings. What’s the sold I’m gonna add since I’m looking at median, I’m gonna take this off. I can see the sold median list price in blue. So this is what they were listed at. The median sold price is in orange. So that is the median price for what it actually sold at. So I can compare those things, very easy or if I want to see what was the active list price. Now some quick things to note here. Sold average sale price. Depending on how much of a statistical background you have, you’re going to a lot of times choose to use average versus median depending on what you want to see. And a quick summary of this, average, I’m taking all of them totaling that number dividing it by the total number, and getting my average. If there are statistical outliers which means maybe there are a lot of listings or a handful of listings that sold for millions of dollars and everything else is selling in that five hundred thousand, four hundred thousand dollar range.

Those statistical outliers tend to boost up the average, and that’s why I see my average sold price so much higher here than my median sold price. The median is looking for that number kind of exactly in the middle, with our median sold price. So it’s not the average at all. So it tends, if you have a large enough sample size to even out and get rid of those statistical outliers that you would see on the average. Now if my sample size is small, if I hover over any of these and the average number of listings that are being sold is, like, two or three listings.

I might just do the average, because I don’t have a great statistical size sample to be getting better results off of median.

So you can decide what you want to use, for that.

But I just wanted to show how you can choose what displays. And maybe I want my active median list price. These were our the active listings, the median list price, and I can compare that to the sold median price here.

Now I can also look at the sale to list price ratio. Like, what is that? You’ll see there’s an option for sale to original list price ratio and sale to list price ratio. That was the list price immediately before selling. And here, as we look along the bottom, still the months, but now I see percentage, that ratio. So it’s that ninety nine percent, that we’re kind of hovering on for our sale to list price ratio. Sale to original list price ratio a little bit lower. So, obviously, there were price changes on those listings. Days on market information. What was how long were these sold listings on market? And again, I can see median, average, days on market information, which your MLS likely uses. Some MLS’s use cumulative days on market and they have their own requirements for what constitutes cumulative days on market. Some MLS’s may have agent days on market. How many days on market was it there? Was it on market under a specific agent as well? So you do have multiple ways and options depending on what your MLS uses on this page. Months inventory and volume. So months inventory at the current rate of sale, if we keep selling this way, how long if new listings weren’t added, would we have right here? You’d have enough inventory to last five point six months, in January of twenty twenty five. Volume, total list price value for these listings.

And again, active volume, new volume, sold, and sold via list price volume or sold via the actual sale price. And you’ll see that is pretty consistent between those two.

So you can always choose what to include or exclude from here. Now the nice thing about this I’m gonna go back to price trends. This is my example.

Is this makes it very easy to graphically see those price trends, my sold median price, my active. Let’s just look at our sold price here. And so I see my sold price trends.

However, if you aren’t just interested or you don’t want to have to hover over a particular month to see what that was, as you scroll down there’s this option show and hide the data table. So it’s always available. It’s just whether it’s on screen. If it’s on screen, I have to so scroll to see that. But it is going to give me even though I’m choosing to only display certain information on my graph, I’m looking at sold median sale price. That’s actually just my last column in this graph, but all of those are available here. But this just lets me rather than looking at the information graphically, I can go back from January, the last closed month here, and just look at that month by month and get the actual numeric comparison here, rather than having to hover over. The graph is nice because you can always see the trends happening. But if I’m digging into things, I want that table. It’s always available. It’s just a simple click to show or hide that data table.

Now I’m going to go into some more with our market trends graphs. And I’m just gonna put those up as an FAQ. So the number one I have out here, and I see there are already some questions on this. How are the calculations made? So if I’m looking at, for example, months inventory. If I hover over that, it tells me how is the system making that calculation.

It is taking a divided by n and a equals the active listings or the listings that were active. Excuse me. The listings that were active. It’s only looking at the fifteenth of the month. So it’s not taking the entire month into consideration. It’s looking just taking a snapshot of the fifteenth of the month and then dividing it by the total number of sold listings for that month. So same thing here if I’m looking at volume, for example. When I hover over that, I’m going to see that when I’m looking at the active volume, that is a snapshot from the fifteenth of the month. So anytime I’m wondering, how are these being calculated? Why is it what does it mean if it’s above a hundred percent or below a hundred percent, like on sale to list price ratio? Then it just kind of breaks that down. If it’s below a hundred percent, it indicates that on average, listings are selling for less than the original list price.

Alright. I’m going to come back here. Next, remember at the beginning of class, we kind of reviewed using a quick search, and I saved, that custom overlay. But the numbers can look off. So I just want to come here right now on filters. Let’s click on this. And I clicked on quick search and we just created a search and I used Cass County. But there’s a section here for saved searches. And so for the saved search, I can take a previously made search and use it to run statistics in the market trends. However, when I used my quick search and I said make sure you do not select statuses. Same thing for using a saved search. So let’s go ahead we’ll take our area fifty one and we’ll save that search and I’ll show you what I mean by don’t select the statuses. So I’m going to run my market trends graphs for a saved search for area fifty one, But before I do that I have to save the search. So I didn’t save the search I just saved the map overlay last time. So I’m gonna do a residential search. I’m going to come in we’ll look at area fifty one that we had created previously. And I think our style, let’s do single family.

And we also wanted to do just looking at what we have previously year built, two thousand ten. Now I know I want to save this search that’s using this shape, that’s looking at two thousand ten plus for year built, that’s looking at only single family, Whatever search criteria you want to include. But I know I want to save this search and use it for statistics, specifically in my market trends graphs. I am going to uncheck status. So no statuses, no off market dates are selected. I get a lot of listings this way. There are fifteen hundred listings. That’s okay. All I’m going to do is save my search.

I’ll click on save and my actions at the top of my quick search screen. Save the search is my first option. And then I’m just going to name this search area fifty one stats example. So we can find it easily in a list. I’m not saving it for my contacts or anything like that. I’m just saving the search so we can use this in our market trends graph. So I’ll click on save. Now I’ll find that in my menu under my saved searches. I don’t need to go there. I’m just gonna go to market trends graphs right now. And with my market trends graphs, you’ll notice it kind of starts us where we left off. I was last on price trends. So I’m gonna click on number of listings. Filters. Now that I’ve got a saved search rather than using the quick search option, I’ll click on saved searches. And here’s our area fifty one stats example that I did for class. And I’ll click on filter. And what it will do, it’s taking that shape and it’s plotting all fifteen hundred listings.

They’re not all going to be included because they weren’t all on market during the time frame that we set right here. Maybe I want this to go back and we’ll click on go. It’ll still use that filter at the top. Now it will go back two years. So the big thing if you’re running the market trends graphs and you’re getting numbers that don’t look right, something tells you they’re off, most often the number one thing is if those numbers look off, it’s because the search that you’re creating or saving, the search itself probably has statuses selected or off market dates for sold or pending listings selected. Just clear off anything to do with the dates and let the graph sort everything out via the dates. It’ll look at the listings and tell you exactly it knows when they were sold, when they were active, when they were added. So it gives you accurate information here. So when you’re saving a search or using a saved search or anytime you’re editing the filter specifically for statistical purposes, remove the search criteria for those statuses, those listing statuses and the listing status dates. Let’s come back here. Another question. Somebody looking at this may say, Now this is great. I can see the number of listings, the price trends, and this is based on the list price, the original list price, the sold price that we have here. But maybe you’re interested in saying, well, is this actually a price trend or were we just looking at selling bigger houses that have more square footage? I want to see price trends via square foot. What’s the sold price, average sold price, or median sold price via square foot? Is it possible to customize what we’re going to display on those market trends graphs? And the answer to that is going to be no. I have just the options that you see available to you at the top of the screen. So I can only see price trends, and I only have the options that are hard coded in. In this case, it’s looking at list price, sold price, original list price, that sort of thing. So I see my active average, my active median, but I couldn’t say, well, I don’t want to see sold price. I want to see sold price per square foot. There’s no option, for that. So when you’re wondering, like, this is great, but I want to change what’s on here, That’s not an option. This is hard coded into the system so that level of customization is not currently available.

Number four. Can I share these graphs with a contact?

So you may notice if I’m on this page my actions at the top of the page allow me several different ways to share this. The first would be export this. So if I want to use it and put this information in my own Excel graphs, maybe I’m great at creating charts in Excel and I think I can do a better job than how this displays, I can export this. And when I click on export, I can say export the data displayed on the page.

So if I export this, it’s just going to give me my number of listings data. If I was on the price trends and say export that it’s just going to give me the data here in the price trends. Or if I want to say give me the number of listings, the price trends, the sale to list price ratio for all of these over the past two years, I would say export all the downloaded data. So if I do that it just, you’ll see that I get a little pop up telling me that I downloaded here. It’s just going to be broken down. You’ll see it’s going to be very extensive here because it’s including all of that information. I’ll see the months, the active listings, new listings. All of the information for all of these separate are just included right here. So I can export it that way if I would prefer to share this with somebody like this or if I want to create my own graphs and create a PDF from that and share that. I certainly can. I don’t like creating my own graphs in Excel. I’m terrible at Excel. So you could, in theory, if you just wanted to print this, I could click on prints. And print market trends graphs right here. I can print to my computer, save it as a PDF. My browser allows me to do that, so would yours. So I could save it as a PDF. I could print it off, Put it in as part of a presentation that I want to hand to somebody as I’m talking about that talking about it with them in person. Or if I want to share this via email.

I’m just going to close that right here. And if I say, well, let’s share this via email. I’ll click on email. I can enter in a contact or add a brand new contact here. We’ll share this with Megan. When I share it, it’s going to share the interactive charts that I met that I that I have access to. That’s what it’s going to share with Megan. So I’m just going to come here. We’ll say, listing I’m gonna say market statistics, market stats. Hi, Megan. Here are the stats, whatever I want to say. And then I’ll send that when I click on send page. I created, Megan’s inbox earlier so we can see what Megan has in her inbox. You can’t break into your contacts inbox. I set this up because people often wanna know. I just emailed market stats to Megan. She’s got a subscription as well that goes frequently. But market stats, this is what we just said. Hi, Megan. Click to view these listings. That will give Megan access to the information that we had selected. Now you’ll notice that Megan can be interactive with this as well. If she wants to see the data table, she can see that data table here.

She can see the price trends that are available, sale to list price ratio, days on market, inventory, volume. She has all of that. When I share that interactive with her, she can hover over this and see what that was in October, through January. So everything that we had now, she can’t come in and change the filter or the time frame. We’re just sharing that kind of as, just a snapshot report. It’s interactive still, but she can’t go in and start filtering through the MLS to pull out other information.

But she can see everything that we had access to on this page other than the filter and the time frame. But everything else she’s going to have access to when I go ahead and use that email option. And lastly, before I take a look and view some of the questions that people have asked, I mentioned earlier as we started this that we had a previous class that dealt specifically with just the search stats page, not market trends over time, but that search class we had for the stats tab. How can you view that recording?

Anytime you are in Flexmls and click on help, Remember, you can always go to the Flexmls Academy.

And from here, I can see recorded trainings. This is going to see here’s our coffee break and quick statistics. This is what we did, just, I think, one week ago or so. If you wanted to go in and view that so you don’t have to be limited to what we did just one week ago. You’ve got probably over two years worth of recordings in here where you can go in and get any of those previously recorded classes as well. Now that does conclude the class for today. I know there are probably a few outstanding questions, so I’m going to check and just see if there’s anything that is outstanding that I can demonstrate on screen. Number one that I see here was, could I review how to save that overlay again? I did that fairly quickly at the beginning, so I’m just gonna go through that process of how did I create and save an overlay. Now in the previous example at the beginning of class, I saved an overlay and called it Area fifty one. Let’s create an overlay and we’ll call it Area fifty two.

So we were gonna come down. I’ll click on my map. Tools are on the right hand side of the screen. It is this third blue tool down. It’s just the freeform polygon. And when I click on that, now I’m on my map. And when I draw on my map, I’m gonna come down. Actually, use that hand to move down a little bit. I’m gonna come down here on my map. I’ll use that freeform polygon. When I click while using the freeform polygon, every click sets a dot.

So I’m going to click again right over here and it’s just a game of connect the dots as I come through here. And I’m just clicking, clicking, clicking, clicking. Now when I get that shape drawn exactly how I want it, remember to double click and that closes the shape off so I’m no longer drawing. In order to save that shape so I can use it in market trends graphs or on any search that I create. I click on the shape I just take my mouse click anywhere in the blue part of this shape And it says polygon. I click on edit next to that polygon. So I’m going to call this area fifty two.

And last time we made it pink let’s make this one a purple. And then I click save to map overlay. So I’ve named it. I gave it a color. Save to overlays, my map overlays. And I’ve already got areas out here. This is where we added area fifty one. So I’m gonna just click add it to my existing areas overlay. This is one that I made. It’s not created by the MLS. It’s by myself. And I’m just adding area fifty two here. So I’ll click on save. And now to use those overlays, I’ve got area fifty one and area fifty two right now.

And on any search that I start, at the top of the search template is a location search bar.

I’m going to see here my here’s my over or my areas folder for overlays. There I have area fifty one and area fifty two. And to add one to the map, I just double click on it And it’s out here. And then I can continue putting my search criteria in or saving the search and using that search in my market trends graphs. So I could save this search as well. Gonna take off my status of active because I told you don’t have the statuses saved if I plan to use this for search statistics. And our year built, we’ll do twenty ten. And we’ll do single family on this one as well. Just to walk you through that one more time. Now there’s a lot of listings, fourteen hundred listings. Those are all not going to end up being used in our search stats. But when I save this search, because I know I plan to use this saved search for statistical purposes, I’m not selecting statuses. I’m not selecting off market dates.

I’ll just save that search and we’ll call it area fifty two.

Stats example.

And now if I wanted to go through and just use that market trends graphs, I can go to my filter at the top of the screen, saved searches, and then I’m going to use that area fifty two stats example.

Alright. Now let me take a look and look at additional questions out here.

So I do see one question, that said, if I’m coming here, I’ve got this search in area fifty two looking in that map shape that we just used.

Is there a way so if I change my filter, I’m just going to click on filters and just go residential and I’ll click on next at the bottom.

If you change the filters, the only way to quickly change those back and forth would be I’m just gonna let it load here. I can’t just go back to what the filter was. I would have to go in and reset the filter. Now if I’m using a saved search that becomes pretty easy. I click on filters. I go to my saved searches and I can just select and run that for any saved search. If I’m just going into this option for my quick search and I change my filter here and then I want to go back and change the filter again, I would have to let that load here. If I wanted to say well now I want to look at multifamily and I change that. Click on filter. Just gonna click on next. There’s no way for me to go once this multifamily loads. I can’t just click a back button to go back to residential. I would have to go back to my filters, click over here, and go through that process. So if you’re filtering on the fly using those quick search filters, I can’t save what was there previously. But I can use pre saved searches, which is why I did that area fifty one example and that area fifty two example. I want to thank everyone for attending today, and I hope you have a great rest of your day. And hopefully, you found this useful. Thanks, and have a great day.

Josh is a Flexmls trainer at FBS.

Josh

Josh joined FBS in 2013 as a member of the CPR team where he enjoys working on conversions, doing member training, and documenting new features in Flexmls. Over the past 12 years he has lived in Texas, Mississippi, Louisiana, and Washington, D.C and North Dakota. Although he recently moved to Texas, Josh considers himself an honorary southerner and enjoys attending anvil shoots, crawfish boils, and using the word y’all with impunity.

Good afternoon, everybody. My name is Josh Hernandez. And today we are having a webinar. Title of it is buyer intelligence. But what we’ll really focus on is looking at market trends and statistics based over time. And if you were in our webinar last week, we looked at some search statistics from a search results screen. We’ll review that today, but then we’re going to dive into some different areas. Let’s look at today’s topics. As you see on screen, we will review a little bit about what we talked about in our last session on statistics. I’ll create a quick search. We’ll look at the stats tab, and then we’re gonna dive into the market trends graphs, which I’ll show you how that differs quite a bit than what the stats tab provides. So let’s just start off though, and there’s a few reasons why I wanna start with a search because we will use a search eventually when we get to the market trends graphs. But let’s just start off on a review of creating a quick search. Now I’m going to exit my full screen so we can bring up Flexmls and I’m just going to select a location, get a snapshot of what the current market activity is. Active, pending, recently closed listings on the market. And then we’ll look at that same type of search but set it over a period of time and we’ll talk about what that means as well. So I’m just going to do everything for today right now from a quick search screen.

I’ll enter the search criteria, select the statuses to include, and then in this example today, I’m going to use the map. I’m going to use a custom map overlay. In our previous example, in the previous session we did, we drew a radius on the map. But I’m actually going to draw a custom shape and save it as an overlay on the map today. So let’s just create a search. And I’m using in the Fargo Moorhead Associations database. I’ll click on Quick Search. And since this may be slightly different than what you’re used to seeing, just like to preface that by saying you may see some different field names than what you’re used to seeing. But everything I do today is applicable to your MLS. You’ll just see different labels when I’m demonstrating than what your MLS may have. So as I said, I’m going to look at these and start putting in specific locations or maybe I want to put in your built and I want to look listings built since two thousand ten. So the the past fifteen years or so. And I could start putting in bedrooms, bathrooms, but I’m also interested in using my map today. And I just want to do a really quick review. Last time we had a training session, I used my map tools, and I used this red push pin to locate an address. Now that’s just searching for a specific address.

It is not looking for a listing that’s on the MLS or has been on previously. That’s just using Google Maps to find an address. And we did that. We drew a radius. I’m not going to do that today. In today’s example, I’m going to use my drawing shapes on the map, and I’m going to save a custom overlay. So I’m just gonna zoom in on my map first. I am using the scroll wheel on my mouse to zoom in and out. And as I’m looking at this map, some examples of why you may want to just do a custom shape on the map. Maybe there’s a new subdivision or maybe there’s a neighborhood and part of the neighborhood is zoned for commercial. You want to exclude that part of the neighborhood.

Whatever it may be, when you want to search via location and it’s not a field that you can just search on here, then I can create that exact shape on my map. So I have three different types of tools. The one I’ll use today is the third one down. It is the freeform polygon. And when I click on this, it sets a point on the map. And every time I click again, it sets another point. So I can get this shape, draw it down the middle of a neighborhood exactly how I want this to be. And I’m just going to kind of follow this little bit of a river here, and I’m just clicking to set these points.

When I am done drawing my shape and I want to stop drawing, you’ll notice it just follows me around until I double click. Once I double click, then it is going to stop drawing. And right now it’s just looking at the shape I’ve drawn and any search criteria I’ve put in. Right now we’re looking at active listings, built, twenty ten or later. I can always add criteria to this. Maybe I wanna make sure that all of these listings have a minimum of two thousand square feet above grade. I could put in that. I can also take that off. I’m just gonna uncheck that right now. Cannot include that. And to look at multiple statuses, you’ll be able to click on your status line here. Select the statuses that you want to include. I’m gonna do pending and closed. I have my off market dates or days back. I can set if I want specific dates or number of days back. I can use those options. Since I have pending, I want that off market date. And since I’ve included closed listings, I’ll include that closed or sold date. So the last time we looked at statistics, we took a search. We drew a radius last time, but now I’ve drawn this shape. And we looked at the stats. And when I click on the stats tab, I describe this as a snapshot in time. It’s telling me of all of these one hundred and three results, how many of them are currently closed? How many are currently active? How many are pending? This is not telling me, oh, within the past year there were twenty active. No. It’s saying that there are currently in that shape that I drew twenty active. Eight of them are currently pending. And then it gives me that information like average number of bedrooms, average number of baths, original list price, sold price, sale to list price ratio for those sold listings. So this is what we looked at last time, but it is just using the current search criteria. So I can see seventy five listings, for example, closed during that past year from, two twenty six twenty twenty four, through today.

But this doesn’t really tell me when I look at the stats. I can look at the average sold price, but I don’t know was the average sold price last year lower or higher or the same as it is this year. It’s not giving me that information over time. So that’s what we’re going to look at now. So I’m going to actually before I leave this, I’m gonna move from stats just back to my edit search page. And I’m going to save this shape that we drew because this is gonna come back into play as we get in and dig deeper into the market trends graphs. So I’m just going to click on this shape that I drew, and I’m going to see it it called Polygon, and I can edit that. And you can name it anything you would like. So maybe you want to name it after maybe it’s an area of new construction and it has a proper name. I’ll call mine area fifty one for today. You could even change the color of that. Maybe I’ll have that nice bright pink color. And then to save it to an as an overlay that I can use anytime I start a search. Save to my map overlays. And I’m just going to I’ve already got some overlay folders. Actually, let me start a new overlay folder called areas. That way I could have area fifty one. I could draw another one area fifty two and put that in there. I could make multiple overlays. So this is kind of like the area folder areas, and I’m just putting in this current shape area fifty one into this folder. So I’ll click on that. Now I can use that anytime I start a search. So if I were to just change my search template and look for example, rental. We’ll see if there are any rental here. Anytime I’m starting to search, once I save an overlay, I can use that search box right at the top.

And now it’s going to looks like I don’t have anything in that as far as rental properties right now. But I can use that on any search. So that’s what I did. I just clicked in that itself in the shape we drew. I clicked on edit, and I saved that as a map overlay. So that’ll come back into play. We’ll circle back around this area fifty one overlay. But now I’m going to shift gears and instead of looking at stats, which are just those quick snapshot of current search results, we’re gonna look at market trends over time.

So I’m going to just come back and I’ll change my slide here. And from the stats tab, instead of that, we’ll look at the market trends graphs. So this is going to provide multiple bit ways to view the state of your market over a set period of time. And we’re going to see a filter on the trends graphs. So I can set my location. I can set my property types. Anything like that. We’re gonna see a time frame. So how far do we want it to go back? Do I want it to go back one year, two years, or more? And then we’ll also see a data table so you can see it in graphic form or in table form. So what this looks like in Flexmls, I’ll go to my menu.

I’m going to just use my search bar and type in the word market.

And I’m see under my statistics section market trends graphs. And I’m going to hover over that, and I’m just gonna click that star. When you click that star, it just puts it on your favorites here. So if you forget where did I click, you’ll see it at the top of my screen, market trends graphs. Gives me one click access to get here. So when I go to market trends graphs, by default, this is looking at your entire MLS. It’s not filtered out to anything specific yet. It may be going back two years by default if you’ve never been here before. So let’s talk about how do we use some of the tools on this page and then I’m gonna delve a little bit deeper into the different ways to look at things. So first thing I want to do is come up to this filter at the top. Right now it says I’m just looking at residential listings, and I start seeing some graphs. We’ll talk about that. And then I see the time frame.

It goes from February of twenty twenty three through the last completed month. It’s looking at months here, not specific dates. So I couldn’t say January fifteenth or February fifteenth. I am looking at a completed month. So the last completed month, I could run it through January of twenty twenty five since we’re still in February right now.

I can change that filter before we start digging into what the graph show.

I’m going to click on filters right at the top and there are a couple different ways to filter. Then the first one this will be fairly familiar to you.

It says quick search, and I see all of my quick search options. When I’m on a quick search page and change the search filter, those are the options that are available to me. So if I’d say, well, let’s look at residential and click on filter. It doesn’t look like the quick search page. The same fields are here, but now it is going to just give me those fields. It’s not like a regular quick search page where I have my map and my search results here.

So a few things to note as I’m creating this search. Let’s do counties. I’m just going to do Cass County for right now. I could do by zip code or postal code. If there are subdivisions or cities that are in my MLS, I could search by those as well. And then I have the fields that would normally be on my quick search template like square footage, above ground square footage, bedrooms, bathrooms, year built.

The important thing here as I am building this. I’m gonna say let’s look at single family as well. But as I’m building this, if I see this option for statuses, You might be tempted to say, well I want to look at include active listings, and pending listings, and closed listings. You can use your control key. But because we’re looking at statistics, and because my previous page sets the date range, I am going to uncheck the statuses. I’m not putting in sold dates here. I’m not putting in pending dates. It’s pulling in all the listings and it will pull them down and separate them statistically out in the date range I set. So don’t use the status on this page. I’m just doing Cass County and then I think I went down here style or subtype single family for this. And once you get to the bottom of the page, again, I’m just going to click on next.

And it will give take just a minute for the information to load.

And you’ll see my filter now says residential Cass County single family. And I see my time frame. I could change my time frame here. Maybe I want it to go from twenty twenty four, just the past year’s worth. If you change that time frame, make sure to move all the way just like you’re reading a book left to right. Click on go at the far right there at the time frame. And that’s going to say, okay, now we’re just looking at the past year’s worth of activity. So I’ve changed my filter. I’ve changed my time frame. Let’s go ahead and look at some of the different ways that we can view this information. Now we’ll go through all of these and I’ll give you a little bit of detail on each. But just to say there are a variety of ways and you can say what displays on each of these six different ways to view the information. So we can look at number of listings. How many listings were there? And we’ll see some options there like how many new listings were there? How many sold listings were there? Price trends. Sale to list price ratio. Days on market. Inventory, and volume.

So here by default, I’m on the number of listings. So this is just total number of listings. That blue line represents if I just go to the bottom, it is the number of active listings. That pink line, number of new listings. So if I wanted to know well in December of twenty twenty four, how many new listings were there, I can hover over that December of twenty twenty four, and it’s going to tell me that there were one hundred and three listings that went on market during that time. It’s not saying they’re currently active. It’s not saying that they were sold. They were just new during that time frame.

But the nice thing about this as I’m looking at any of these, but I’ll start with number of listings.

If I just want to say, well, I only want to see the number of sold listings going back the past year. You can include or exclude any of those options right here.

So now I’m just seeing the number of sold listings from February of twenty twenty four through January of twenty twenty five. So I can see that past year’s trend. We’re very close right now but obviously, during different months that trend is very different.

If I move from number of listings to price trends, I am going to see right now I only have the sold median sale price out here, But you can see there is an option for a lot of different things that I can view for the price trends.

So I can say, well, what’s the average the sold average sale price here. So this is the average sale price on the sold listings. What’s the sold I’m gonna add since I’m looking at median, I’m gonna take this off. I can see the sold median list price in blue. So this is what they were listed at. The median sold price is in orange. So that is the median price for what it actually sold at. So I can compare those things, very easy or if I want to see what was the active list price. Now some quick things to note here. Sold average sale price. Depending on how much of a statistical background you have, you’re going to a lot of times choose to use average versus median depending on what you want to see. And a quick summary of this, average, I’m taking all of them totaling that number dividing it by the total number, and getting my average. If there are statistical outliers which means maybe there are a lot of listings or a handful of listings that sold for millions of dollars and everything else is selling in that five hundred thousand, four hundred thousand dollar range.

Those statistical outliers tend to boost up the average, and that’s why I see my average sold price so much higher here than my median sold price. The median is looking for that number kind of exactly in the middle, with our median sold price. So it’s not the average at all. So it tends, if you have a large enough sample size to even out and get rid of those statistical outliers that you would see on the average. Now if my sample size is small, if I hover over any of these and the average number of listings that are being sold is, like, two or three listings.

I might just do the average, because I don’t have a great statistical size sample to be getting better results off of median.

So you can decide what you want to use, for that.

But I just wanted to show how you can choose what displays. And maybe I want my active median list price. These were our the active listings, the median list price, and I can compare that to the sold median price here.

Now I can also look at the sale to list price ratio. Like, what is that? You’ll see there’s an option for sale to original list price ratio and sale to list price ratio. That was the list price immediately before selling. And here, as we look along the bottom, still the months, but now I see percentage, that ratio. So it’s that ninety nine percent, that we’re kind of hovering on for our sale to list price ratio. Sale to original list price ratio a little bit lower. So, obviously, there were price changes on those listings. Days on market information. What was how long were these sold listings on market? And again, I can see median, average, days on market information, which your MLS likely uses. Some MLS’s use cumulative days on market and they have their own requirements for what constitutes cumulative days on market. Some MLS’s may have agent days on market. How many days on market was it there? Was it on market under a specific agent as well? So you do have multiple ways and options depending on what your MLS uses on this page. Months inventory and volume. So months inventory at the current rate of sale, if we keep selling this way, how long if new listings weren’t added, would we have right here? You’d have enough inventory to last five point six months, in January of twenty twenty five. Volume, total list price value for these listings.

And again, active volume, new volume, sold, and sold via list price volume or sold via the actual sale price. And you’ll see that is pretty consistent between those two.

So you can always choose what to include or exclude from here. Now the nice thing about this I’m gonna go back to price trends. This is my example.

Is this makes it very easy to graphically see those price trends, my sold median price, my active. Let’s just look at our sold price here. And so I see my sold price trends.

However, if you aren’t just interested or you don’t want to have to hover over a particular month to see what that was, as you scroll down there’s this option show and hide the data table. So it’s always available. It’s just whether it’s on screen. If it’s on screen, I have to so scroll to see that. But it is going to give me even though I’m choosing to only display certain information on my graph, I’m looking at sold median sale price. That’s actually just my last column in this graph, but all of those are available here. But this just lets me rather than looking at the information graphically, I can go back from January, the last closed month here, and just look at that month by month and get the actual numeric comparison here, rather than having to hover over. The graph is nice because you can always see the trends happening. But if I’m digging into things, I want that table. It’s always available. It’s just a simple click to show or hide that data table.

Now I’m going to go into some more with our market trends graphs. And I’m just gonna put those up as an FAQ. So the number one I have out here, and I see there are already some questions on this. How are the calculations made? So if I’m looking at, for example, months inventory. If I hover over that, it tells me how is the system making that calculation.

It is taking a divided by n and a equals the active listings or the listings that were active. Excuse me. The listings that were active. It’s only looking at the fifteenth of the month. So it’s not taking the entire month into consideration. It’s looking just taking a snapshot of the fifteenth of the month and then dividing it by the total number of sold listings for that month. So same thing here if I’m looking at volume, for example. When I hover over that, I’m going to see that when I’m looking at the active volume, that is a snapshot from the fifteenth of the month. So anytime I’m wondering, how are these being calculated? Why is it what does it mean if it’s above a hundred percent or below a hundred percent, like on sale to list price ratio? Then it just kind of breaks that down. If it’s below a hundred percent, it indicates that on average, listings are selling for less than the original list price.

Alright. I’m going to come back here. Next, remember at the beginning of class, we kind of reviewed using a quick search, and I saved, that custom overlay. But the numbers can look off. So I just want to come here right now on filters. Let’s click on this. And I clicked on quick search and we just created a search and I used Cass County. But there’s a section here for saved searches. And so for the saved search, I can take a previously made search and use it to run statistics in the market trends. However, when I used my quick search and I said make sure you do not select statuses. Same thing for using a saved search. So let’s go ahead we’ll take our area fifty one and we’ll save that search and I’ll show you what I mean by don’t select the statuses. So I’m going to run my market trends graphs for a saved search for area fifty one, But before I do that I have to save the search. So I didn’t save the search I just saved the map overlay last time. So I’m gonna do a residential search. I’m going to come in we’ll look at area fifty one that we had created previously. And I think our style, let’s do single family.

And we also wanted to do just looking at what we have previously year built, two thousand ten. Now I know I want to save this search that’s using this shape, that’s looking at two thousand ten plus for year built, that’s looking at only single family, Whatever search criteria you want to include. But I know I want to save this search and use it for statistics, specifically in my market trends graphs. I am going to uncheck status. So no statuses, no off market dates are selected. I get a lot of listings this way. There are fifteen hundred listings. That’s okay. All I’m going to do is save my search.

I’ll click on save and my actions at the top of my quick search screen. Save the search is my first option. And then I’m just going to name this search area fifty one stats example. So we can find it easily in a list. I’m not saving it for my contacts or anything like that. I’m just saving the search so we can use this in our market trends graph. So I’ll click on save. Now I’ll find that in my menu under my saved searches. I don’t need to go there. I’m just gonna go to market trends graphs right now. And with my market trends graphs, you’ll notice it kind of starts us where we left off. I was last on price trends. So I’m gonna click on number of listings. Filters. Now that I’ve got a saved search rather than using the quick search option, I’ll click on saved searches. And here’s our area fifty one stats example that I did for class. And I’ll click on filter. And what it will do, it’s taking that shape and it’s plotting all fifteen hundred listings.

They’re not all going to be included because they weren’t all on market during the time frame that we set right here. Maybe I want this to go back and we’ll click on go. It’ll still use that filter at the top. Now it will go back two years. So the big thing if you’re running the market trends graphs and you’re getting numbers that don’t look right, something tells you they’re off, most often the number one thing is if those numbers look off, it’s because the search that you’re creating or saving, the search itself probably has statuses selected or off market dates for sold or pending listings selected. Just clear off anything to do with the dates and let the graph sort everything out via the dates. It’ll look at the listings and tell you exactly it knows when they were sold, when they were active, when they were added. So it gives you accurate information here. So when you’re saving a search or using a saved search or anytime you’re editing the filter specifically for statistical purposes, remove the search criteria for those statuses, those listing statuses and the listing status dates. Let’s come back here. Another question. Somebody looking at this may say, Now this is great. I can see the number of listings, the price trends, and this is based on the list price, the original list price, the sold price that we have here. But maybe you’re interested in saying, well, is this actually a price trend or were we just looking at selling bigger houses that have more square footage? I want to see price trends via square foot. What’s the sold price, average sold price, or median sold price via square foot? Is it possible to customize what we’re going to display on those market trends graphs? And the answer to that is going to be no. I have just the options that you see available to you at the top of the screen. So I can only see price trends, and I only have the options that are hard coded in. In this case, it’s looking at list price, sold price, original list price, that sort of thing. So I see my active average, my active median, but I couldn’t say, well, I don’t want to see sold price. I want to see sold price per square foot. There’s no option, for that. So when you’re wondering, like, this is great, but I want to change what’s on here, That’s not an option. This is hard coded into the system so that level of customization is not currently available.

Number four. Can I share these graphs with a contact?

So you may notice if I’m on this page my actions at the top of the page allow me several different ways to share this. The first would be export this. So if I want to use it and put this information in my own Excel graphs, maybe I’m great at creating charts in Excel and I think I can do a better job than how this displays, I can export this. And when I click on export, I can say export the data displayed on the page.

So if I export this, it’s just going to give me my number of listings data. If I was on the price trends and say export that it’s just going to give me the data here in the price trends. Or if I want to say give me the number of listings, the price trends, the sale to list price ratio for all of these over the past two years, I would say export all the downloaded data. So if I do that it just, you’ll see that I get a little pop up telling me that I downloaded here. It’s just going to be broken down. You’ll see it’s going to be very extensive here because it’s including all of that information. I’ll see the months, the active listings, new listings. All of the information for all of these separate are just included right here. So I can export it that way if I would prefer to share this with somebody like this or if I want to create my own graphs and create a PDF from that and share that. I certainly can. I don’t like creating my own graphs in Excel. I’m terrible at Excel. So you could, in theory, if you just wanted to print this, I could click on prints. And print market trends graphs right here. I can print to my computer, save it as a PDF. My browser allows me to do that, so would yours. So I could save it as a PDF. I could print it off, Put it in as part of a presentation that I want to hand to somebody as I’m talking about that talking about it with them in person. Or if I want to share this via email.

I’m just going to close that right here. And if I say, well, let’s share this via email. I’ll click on email. I can enter in a contact or add a brand new contact here. We’ll share this with Megan. When I share it, it’s going to share the interactive charts that I met that I that I have access to. That’s what it’s going to share with Megan. So I’m just going to come here. We’ll say, listing I’m gonna say market statistics, market stats. Hi, Megan. Here are the stats, whatever I want to say. And then I’ll send that when I click on send page. I created, Megan’s inbox earlier so we can see what Megan has in her inbox. You can’t break into your contacts inbox. I set this up because people often wanna know. I just emailed market stats to Megan. She’s got a subscription as well that goes frequently. But market stats, this is what we just said. Hi, Megan. Click to view these listings. That will give Megan access to the information that we had selected. Now you’ll notice that Megan can be interactive with this as well. If she wants to see the data table, she can see that data table here.

She can see the price trends that are available, sale to list price ratio, days on market, inventory, volume. She has all of that. When I share that interactive with her, she can hover over this and see what that was in October, through January. So everything that we had now, she can’t come in and change the filter or the time frame. We’re just sharing that kind of as, just a snapshot report. It’s interactive still, but she can’t go in and start filtering through the MLS to pull out other information.

But she can see everything that we had access to on this page other than the filter and the time frame. But everything else she’s going to have access to when I go ahead and use that email option. And lastly, before I take a look and view some of the questions that people have asked, I mentioned earlier as we started this that we had a previous class that dealt specifically with just the search stats page, not market trends over time, but that search class we had for the stats tab. How can you view that recording?

Anytime you are in Flexmls and click on help, Remember, you can always go to the Flexmls Academy.

And from here, I can see recorded trainings. This is going to see here’s our coffee break and quick statistics. This is what we did, just, I think, one week ago or so. If you wanted to go in and view that so you don’t have to be limited to what we did just one week ago. You’ve got probably over two years worth of recordings in here where you can go in and get any of those previously recorded classes as well. Now that does conclude the class for today. I know there are probably a few outstanding questions, so I’m going to check and just see if there’s anything that is outstanding that I can demonstrate on screen. Number one that I see here was, could I review how to save that overlay again? I did that fairly quickly at the beginning, so I’m just gonna go through that process of how did I create and save an overlay. Now in the previous example at the beginning of class, I saved an overlay and called it Area fifty one. Let’s create an overlay and we’ll call it Area fifty two.

So we were gonna come down. I’ll click on my map. Tools are on the right hand side of the screen. It is this third blue tool down. It’s just the freeform polygon. And when I click on that, now I’m on my map. And when I draw on my map, I’m gonna come down. Actually, use that hand to move down a little bit. I’m gonna come down here on my map. I’ll use that freeform polygon. When I click while using the freeform polygon, every click sets a dot.

So I’m going to click again right over here and it’s just a game of connect the dots as I come through here. And I’m just clicking, clicking, clicking, clicking. Now when I get that shape drawn exactly how I want it, remember to double click and that closes the shape off so I’m no longer drawing. In order to save that shape so I can use it in market trends graphs or on any search that I create. I click on the shape I just take my mouse click anywhere in the blue part of this shape And it says polygon. I click on edit next to that polygon. So I’m going to call this area fifty two.

And last time we made it pink let’s make this one a purple. And then I click save to map overlay. So I’ve named it. I gave it a color. Save to overlays, my map overlays. And I’ve already got areas out here. This is where we added area fifty one. So I’m gonna just click add it to my existing areas overlay. This is one that I made. It’s not created by the MLS. It’s by myself. And I’m just adding area fifty two here. So I’ll click on save. And now to use those overlays, I’ve got area fifty one and area fifty two right now.

And on any search that I start, at the top of the search template is a location search bar.

I’m going to see here my here’s my over or my areas folder for overlays. There I have area fifty one and area fifty two. And to add one to the map, I just double click on it And it’s out here. And then I can continue putting my search criteria in or saving the search and using that search in my market trends graphs. So I could save this search as well. Gonna take off my status of active because I told you don’t have the statuses saved if I plan to use this for search statistics. And our year built, we’ll do twenty ten. And we’ll do single family on this one as well. Just to walk you through that one more time. Now there’s a lot of listings, fourteen hundred listings. Those are all not going to end up being used in our search stats. But when I save this search, because I know I plan to use this saved search for statistical purposes, I’m not selecting statuses. I’m not selecting off market dates.

I’ll just save that search and we’ll call it area fifty two.

Stats example.

And now if I wanted to go through and just use that market trends graphs, I can go to my filter at the top of the screen, saved searches, and then I’m going to use that area fifty two stats example.

Alright. Now let me take a look and look at additional questions out here.

So I do see one question, that said, if I’m coming here, I’ve got this search in area fifty two looking in that map shape that we just used.

Is there a way so if I change my filter, I’m just going to click on filters and just go residential and I’ll click on next at the bottom.

If you change the filters, the only way to quickly change those back and forth would be I’m just gonna let it load here. I can’t just go back to what the filter was. I would have to go in and reset the filter. Now if I’m using a saved search that becomes pretty easy. I click on filters. I go to my saved searches and I can just select and run that for any saved search. If I’m just going into this option for my quick search and I change my filter here and then I want to go back and change the filter again, I would have to let that load here. If I wanted to say well now I want to look at multifamily and I change that. Click on filter. Just gonna click on next. There’s no way for me to go once this multifamily loads. I can’t just click a back button to go back to residential. I would have to go back to my filters, click over here, and go through that process. So if you’re filtering on the fly using those quick search filters, I can’t save what was there previously. But I can use pre saved searches, which is why I did that area fifty one example and that area fifty two example. I want to thank everyone for attending today, and I hope you have a great rest of your day. And hopefully, you found this useful. Thanks, and have a great day.

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