ntreis: NTREIS MATRIX Average Calculation Price per Sq Ft is Wrong
- 01/29/16 11:00 AM
NTREIS MATRIX Average Calculation for Price per Square Foot SqFt and Sold Price to List Price ratio SP%LP is Wrong Legend: CMA: (Comparative Market Analysis) MLS: (Multiple Listing Services) NTREIS (North Texas Real Estate Information System) NTREIS Matrix is the primary MLS system and includes both search and input functions. The CMA generated report from NTREIS MATRIX provides an average Sold Price per Square foot, Percentage of the Sold Price vs. Listed Price for selected sold properties, and average Listed Price per Square foot for selected Active/Active Option/Cancelled/Expired and Pending properties. See Figure 1 for more information. Currently, the Matrix adds all numbers under each column in a group (e.g., Active Status) and divides that by the … (4 comments)
Most MLS rules require that participants accurately report the status of listings and promptly report changes in that status. All status changes must be made in NTREIS MLS within three days. Following is a list of NTREIS (North Texas Real Estate Information System) MLS status codes and their Explanations.
"Active" – ACT- Property is available for sale.
"Active Option" – OPTION - Property is available for showings and back-up contracts. Property is under contract with an option. Once the option expires, the status must be … (0 comments)
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Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055
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NTREIS MATRIX Average Calculation for Price per Square Foot SqFt and Sold Price to List Price ratio SP%LP is Wrong
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