How to Read a Local Real Estate Market Report

By David Parks · eXp Realty · The Apollo Group · 2 min read

The Short Answer

A good market report shows median price, inventory, days on market, and sale-to-list ratio for your area. Look at trends over time rather than a single month, and compare similar property types.

How to Read a Local Real Estate Market Report
Illustration by David Parks

Key numbers to know

Key pointWhat it means
Median sale priceThe middle price of homes sold, which reduces the effect of a few very high or low sales.
Active listings and months of supplyHow much choice buyers have.
Days on marketHow fast homes sell.
Sale-to-list ratioHow closely final prices follow asking prices.
New listings and pending salesSigns of future activity.

Common pitfalls

Small sample sizes can swing wildly, especially in smaller neighborhoods or at the luxury end. Median price can change because of what sold, not because values changed. Seasons matter, so compare to the same month last year.

Quick Poll

What do you most want to understand about the market?

Ask for the right slice

Request data for your city, price range, and property type. A condo market may behave very differently from detached homes.

Turn data into action

Use the report with your agent to decide on pricing, offers, and timing. If you want a custom report for your neighborhood, reach out to David.

Key Takeaways
  • Common pitfalls: Small sample sizes can swing wildly, especially in smaller neighborhoods or at the luxury end.
  • Ask for the right slice: Request data for your city, price range, and property type.
  • Turn data into action: Use the report with your agent to decide on pricing, offers, and timing.

This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.

David Parks
About David Parks

David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.

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