AgentIntel has two kinds of market. National markets use Redfin’s public data and cover the whole country. MLS markets use your own MLS’s listings and come with an MLS Connection. For the same place the two show different numbers, because they count different homes and measure some things differently.
What each one covers
- National markets cover the country, states, metros, counties, cities, zip codes and neighborhoods across the U.S. They come with your subscription.
- MLS markets cover the places your MLS serves, from your whole MLS down to neighborhoods, and are built from your MLS’s own listings. They come with an MLS Connection, which is added when you verify your MLS. An MLS Connection also adds custom markets, the Agents section, MLS listing search and the weekly Client Watch email.
If AgentIntel works with an MLS in one of your metros, a Connect your MLS card appears in the left menu. If you dismiss the card, select your name at the bottom of the left menu and choose Connect your MLS there instead. See Connect your MLS.
On some team and brokerage accounts, national data is not part of the plan. If opening a national market takes you back to the Dashboard with “Public market data is not included in your organization’s plan,” ask your account owner.
Which one you see for a place
Your metros decide. In Settings, under Metros, the metros you can choose are grouped under your MLS’s name and under Public market data.
- For a metro your MLS covers, Markets shows MLS markets.
- For any other metro you choose, it shows national markets.
The search on the Dashboard lists MLS markets under MLS Markets and national ones under U.S. Markets. With an MLS Connection, U.S. Markets leaves out the places your MLS covers, so a search for your own city shows only its MLS market. National markets everywhere else are still a search away.
An address you add under Listings opens with your MLS’s markets when your MLS covers its zip code, and with national markets otherwise.
How they differ
Freshness
MLS markets are updated overnight, and their newest figures cover last month. National markets follow Redfin’s monthly releases and run one to two months behind. Where the data comes from and how fresh it is has the details.
Areas
An MLS market for a city, county or zip code counts the listings your MLS records under that name, so a city market can include homes that carry the city’s name in their address but sit outside its limits. Neighborhoods are drawn on a map, and AgentIntel’s neighborhood map is not Redfin’s, so two neighborhoods with the same name can cover different streets. Redfin draws every national market on its own map.
Property types
Every MLS market starts as Residential, and some metros come with other built-in versions, such as Single Family or New Construction. You can build your own with a custom market.
A national market offers All Residential, Single Family Residential, Condo/Co-op, Multi-Family (2-4 Unit) and Townhouse wherever Redfin reports enough sales of that type. It can’t be filtered further.
Statistics
Many statistic names appear on both sides, but some appear on only one, and a few that share a name are worked out differently. MLS Median Days on Market counts homes that closed, while the national figure counts homes that went under contract. MLS Asking vs Sales Price is a difference and the national figure is a ratio, so −2% on an MLS market and 98% on a national market both mean homes sold about 2% under asking.
MLS statistics and National statistics define each one.
Charts
MLS market pages add Negotiations, Price Adjustments, Success Rate and New Inventory. National market pages add Perspective, a map that colors nearby markets by Months of Inventory.
Why the numbers don’t match
Expect an MLS figure and a national figure for the same place to differ. Neither is wrong; they measure different things.
- They see different homes. Your MLS figures count the homes listed through your MLS. Where your MLS shares a county with another MLS, that can be only part of the market, and Redfin’s coverage also varies from county to county.
- They draw places differently. City and neighborhood figures can differ the most, for the reasons under Areas above.
- They count homes for sale differently. Redfin’s count of homes for sale is close to your MLS’s Active plus Active Under Contract listings. AgentIntel’s MLS figures stop counting a home as for sale once it has a contract date, so MLS Active Listings and Months of Inventory tend to run lower.
- They count relisted homes differently. A home taken off the market and relisted under a new MLS number counts as a new listing again in MLS figures, while Redfin counts it once, so MLS New Listings tend to run higher.
- Some statistics are defined differently, as described above.
- National figures are older and sometimes span three months. They run one to two months behind, and for cities, zip codes and neighborhoods Redfin publishes three-month figures only. On those national markets, a one-month figure is drawn from the latest three months. Sales, pending and new listings are estimated for the single month; every other figure, including prices, percentages and the Active count beside the gauge, is the three-month figure unchanged.
When you compare places or periods, compare MLS figures with MLS figures, or national with national.