What is the difference between “Contracts Written” and “Pending Sales”?

An MLS listing is said to be pending from the time a contract for sale has been accepted until it closes. Our “Pending Sales” figure measures the number of contracts for sale that are still outstanding (pending) at the end of the month. The “Contracts Written” shows the number of contracts that were written and […]

How is “Days on Market” calculated?

Days on Market is a measure of how long it takes for a home to sell after it has been put on the market. It is typically calculated as the number of days between the listing date (the date it was available for sale) and the contract date (the date of the agreement to purchase […]

What is the difference between “Employment” and the number of people “Employed”?

“Employment” is estimated using a survey of businesses, and measures the number of jobs in a particular market. In contrast, the unemployment rate is estimated through a survey of households. People in the survey are classified as either “employed”, “unemployed”, or “out of the labor force”, meaning that they are neither working nor actively looking for work. The […]