Tip of the Week — Market Watch and Hot Sheets in Matrix
NorthstarMLS Matrix offers two handy search tools on your Matrix Home Screen for quick access to local market information — Market Watch and Hot Sheets.
Market Watch shows a detailed view of changes in the local market. These changes include new listings, canceled listings, price changes and more. Hot Sheets provide you with changes to the daily or weekly market activity that you can save as a saved search for easy access. More about each of these tools below.
If you’re looking to keep up with what’s happening in a certain area of the market, use Market Watch. Use the dropdown (left side) to select your search type — Single Family, Multi-Family, Farm, etc (as seen in screen shot below). The number of listings available for each search type is in parenthesis.
You can see what’s happened in the entire market in the last 24 hours, or adjust it for different time frames – using the dropdown (right side). Use the information with your clients or for growing your own knowledge of the market.
You can also use the “Customize” button to narrow it down to a certain area or price range — add Additional Fields using the Add/Remove tool. Click on “Reset” to restore your settings to default.
Hot Sheets offer quick access to information about your market, and they make it easy for you to check in on various market segments whenever you log into Matrix. To access the Hot Sheets click one of the Property Type links on the Hot Sheets tool as shown below:
NorthstarMLS Matrix provides 6 default Hot Sheets — one for each search type. You have the ability to customize up to 10 Hot Sheet searches.
Unlike the Market Watch, you won’t see the number of new listings next to the search. You will need to click the link of the Hot Sheet you want to view each time you want to see a report of the changes and updates of a particular search.
Give them a try next time you’re using NorthstarMLS Matrix!
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