market condition report

Appraisers no longer need to rely on subjective opinions regarding the state of the real estate market. Black Knight’s Market Condition Report take a purely objective approach using local market data and advanced analytics to define the condition of any real estate market.

Customize your reports with:

• Trend charts for all series
• Current and retroactive report capability
• Comparable selection by neighborhood, sub ZIP or distance
• Comparable selection by detailed property characteristics
• Search for subject property by owner name or parcel number

Based on 10 Key Market Condition Indicators

Black Knight’s real estate Market Condition Report provides a structured format to easily identify current market trends and conditions. They automate the calculation and analysis of 10 key indicators to deliver a qualitative market condition ranking, which ranges from Distressed to Hot:

• Number of sales
• Absorption rate
• Number of comparable active listings
• Months of inventory remaining
• Median sold price
• Median sold market time
• Median active listing price
• Median listing active market time
• Median sold-to-list price ratio
• Number of foreclosure sales as a percentage of regular and REO sales

Monitor Local Property Conditions and Geographic Areas

Our Market Condition Report objectively defines current or historical market conditions on any geographical level (state, CBSA, county, city, ZIP code or neighborhood), property type, property characteristics or price range. It also provides a map view to show the geographic dispersion of conditions in individual markets to quickly compare one local area to another.