System and Method of Real Estate Market Growth Analysis and Display
First Claim
1. A method of data mining to analyze and display real estate market growth, comprising:
- accepting a plurality of selection criteria that define a real estate market;
accepting two time period definitions;
aggregating data associated with properties in the defined real estate market sold during the two time periods, the data retrieved from one or more real estate databases;
analyzing the data to produce one or more metrics indicative of the growth in the defined real estate market between the two time periods; and
graphically displaying the metrics.
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Accused Products
Abstract
Data extracted from the Multiple Listing Service (MLS) or similar database are mined to analyze and display real estate market growth. A plurality of selection criteria that define a real estate market is accepted and two time period definitions are also accepted. Data associated with properties in the defined real estate market sold during the two time periods and retrieved from the MLS are aggregated. The data are analyzed to determine the growth in the defined real estate market between the two time periods and indications of the growth are graphically displayed. The displays may be as percent change or change in value of a metric, and may comprise single and double bar graphs, respectively, each bar or pair of bars graphing the metric for a geographic area or for a real estate office. The metrics may include dollar volume, number of units, median price, average commission, and average days on market.
85 Citations
61 Claims
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1. A method of data mining to analyze and display real estate market growth, comprising:
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accepting a plurality of selection criteria that define a real estate market;
accepting two time period definitions;
aggregating data associated with properties in the defined real estate market sold during the two time periods, the data retrieved from one or more real estate databases;
analyzing the data to produce one or more metrics indicative of the growth in the defined real estate market between the two time periods; and
graphically displaying the metrics. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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46. A computer-readable medium which stores computer-executable process steps for analyzing and displaying metrics related to real estate market growth, said computer-executable process steps causing a computer to perform the steps of:
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accepting a plurality of selection criteria that define a real estate market;
accepting two time period definitions;
aggregating data associated with properties in the defined real estate market sold during the two time periods, the data retrieved from one or more real estate databases;
analyzing the data to produce one or more metrics indicative of the growth in the defined real estate market between the two time periods; and
graphically displaying the metrics. - View Dependent Claims (47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61)
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Specification