How do I interpret the heat maps?

Last Update: January 30, 2013

Heat maps present real estate trends in a visual way. A heat map graphically represents data by using a color scheme to indicate variation in the data values. In the map view of the Search Results page, or on a Property Details page, you can turn on a variety of different heat map layers. These maps are designed to give you a market picture on a very granular level.

Each heat map includes a key that explains what the colors mean. For instance, the Estimated Home Value heat map shows gradations in estimated home values, ranging from gray (low values) to indigo (high values). For best visibility, try using the plain gray map background when viewing map layers. Please also note that not all map layers are available at all zoom levels on the map. The level of specificity is related to the data type and source.

The 11 map layers available for viewing are:

  • Estimated Home Values
  • 12-Month Change in Estimated Home Value
  • Estimated Value per Square Foot
  • Concentration of Distressed Properties
  • Average Sales Price
  • Average Listing Price
  • Pending Sales Concentration
  • Listing Price vs. Sales Price
  • Housing Density
  • Year Built
  • Flood Zones

The data layers displayed in heat maps are intended to give users another way to understand trends and data for geographies of interest.  

Below is an example heat map for Concentration of Distressed Properties in South Florida. This map layer is based on MLS data and public records data. The Average Sales Price, Average Listing Price and Pending Sales Concentration are based entirely on MLS data, so areas of the country without this data will not show the layers. Note RPR does not receive a distressed indicator in listings from every MLS, so you may find areas without coverage even where RPR receives MLS data.

 

DistressedFL.jpg

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