There are many ways statistics can be applied to a real estate database, such as the MLS listing database. Statistics is the study of proportions and trends in numerical data, so all you have to do is apply that to various aspects of the real estate information. Several of the commonly used statistical real estate measures you’ll find currently are median home value, average local rate of appreciation of home value, and trends for houses with certain characteristics selling at certain price points. You can apply your own statistics to it however you want, though. You can summarize data of the real estate market based on size of homes, sale price, and more, which you can analyze with mean, median, and statistical trends. You can even do a hypothesis test about whether a house is likely to sell for 10% above average market value or something similar.
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