Newbie here….when i look at realtor.com/research I see a chart that shows MARKET TRENDS MEDIAN LIST PRICE Y/Y..then I look to the right and see a County Name/State Name..then I see a column with “median list price y\y”. can some explain to me what this means? If the median price for an area is 174k, AND the median list price Y/Y says 2.4% what is this telling me??
Y/Y means “Year over Year” percentage increase or decrease in the indicator value shown. If the number is positive, say for example Y/Y = 2.5%, then there has been a 2.5% increase this year vs. what it was last year. Same for M/M being Month over Month percentage indicator value.