Domus Analytics

Frequently Asked Questions

This section addresses questions that come up about our product features and analytics topics in general. If you're an active user and you're looking for support about how to use the dashboards, refer to the training and support links from your dashboard directly. 

Product FAQ

What MLS platforms do you integrate with?

Domus is system agnostic, so we can integrate data from all MLS platforms.  We are built compliant with the RESO Data Dictionary.  That being said, if you have some non-DD fields you need us to work with, Domus can do that.

What day of the month does Domus update data?

Domus dashboards report through the end of the prior month, and the results are available on the 1st day of the next month. We update data for at least several days to a week after that, and in most cases the data "settles down". We’ll work with you to understand your needs, and customize your update schedule accordingly.

What if I want "non-standard" filters included in the dashboards?

If there's a field included in your MLS data that you would like to include as a filter, we'll review it and advise you on the statistical stability of including it. Keep in mind that Domus is meant to be used for economic analysis, not as a property search tool. Things like number of bathrooms don't really have have a material impact on the economics of a certain segment. More important from a data analysis perspective, as more granularity is added to the filters, the number of listings that fit that criteria shrinks, making the economic analysis less relevant overall. For example, if there are 100 units sold in an area with a median price of $200K, and you add a filter for 4+ bedrooms, there may only be 5 listings meeting that criteria. A median of 5 listings is far less relevant than a median over a larger population.

Does Domus offer maps with custom selection criteria (“polygon maps”)?

Yes, those maps look cool. But the Domus platform doesn’t currently support them. In most cases, the MLS already defines unique economic areas within the data which we use in our dashboards. But we do have "mapping" on our product roadmap as we try to figure out how best to bring value to our clients through maps.

Can I post charts to Facebook or other social media sites?

Of course, as long as your usage remains within compliance of your MLS policies. All of our dashboards can be exported then posted to your social media of choice, while the public dashboards which don't have drill-through capabilities enabled can be shared directly.

Analytics FAQ

What's the difference between Median and Average for prices?

Quite a lot, actually. Most people automatically use Average, which is the sum of all the values divided by the total number of values. However, this allows listings at the upper end of the range to skew the results, sometimes quite drastically. For example, if houses within an area sell for ~$250K, but one month a couple of houses sell for $800K, the average selling price will be artificially inflated by those 2 outlying sales, even though the market hasn’t drastically changed.

Median, on the other hand, is the mid-point in a given range of values. This calculation eliminates those occasional variabilities in sales performance to give a true picture of the market.

Why do real estate metrics change over time?

So one month a report shows that there were 300 homes for sale, and the next month the report is adjusted to show that there were actually 298 homes for sale. Yep, that happens. Real estate data, by its very nature, is always changing. Maybe an agent entered a status change a few days late - any number of things can happen within a give month that impact the data. It doesn't mean the first number reported was wrong, it means that the system received new information that it didn't have before. One of the benefits of an interactive platform is that it accounts for all that new data, to always present the true picture of what happened in the market.