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Denza · Methodology

Every number, accountable.

We would rather publish fewer figures we can defend than more we cannot. This is exactly how the data gets sourced, aggregated, and reviewed before it reaches a page.

01 · Sources

Where the numbers come from

Active and recently-sold listings are sourced from Cotality, the authorized distributor of REBNY's Residential Listing Service (RLS). Every listing carries its originating brokerage attribution.

Demographic and housing-stock layers are joined from the US Census American Community Survey (ACS) 5-year estimates on standardized NTA GEOIDs.

Mortgage rates are pulled from the Freddie Mac PMMS weekly survey — never a vendor-blended composite.

02 · Aggregation

Median-of-medians, weighted by inventory

Every headline figure is a median-of-medians by Neighborhood Tabulation Area (NTA), then weighted by reporting inventory at the borough level. A single super-tower cannot skew a neighborhood line.

Scanner rankings (newest, most-expensive, biggest cuts, longest on market) are deterministic SQL over the live feed — no editorial thumb on the scale, and the ordering rule is published on each scanner page.

03 · Refresh cadence

Live where it matters, snapshotted where it counts

Listing surfaces refresh on a 6-hour cadence from the live feed. The quarterly Denza Index and the Open Datasets are versioned snapshots published with a fixed methodology tag so historical figures never silently change.

Each scanner page discloses its own refresh cadence so a reader always knows how fresh the underlying data is.

04 · Compliance

Aggregate-only, no PII

All published datasets are aggregate. No individual listing keys, no agent PII, no addresses below the building level. Every release passes a REBNY Data License Agreement (DLA) review before it ships.

We publish no discriminatory filters of any kind — see our Fair Housing commitment for the full statement.

05 · Limitations

What we deliberately exclude

Rentals are excluded from sale-price aggregates. Off-market and pocket inventory are not represented in public figures. Co-op buy-side comps reflect the last recorded sale, not the board-approved transfer price.

Where a figure is modeled rather than observed (e.g. affordability ratios), the model inputs are listed in the dataset schema.

Common questions
How often is the data refreshed?
Listing surfaces refresh on a 6-hour cadence from the live Cotality feed. The quarterly Denza Index and the open datasets are versioned snapshots published with a fixed methodology tag, so historical figures never silently change.
Where does the listing data come from?
Active and recently-sold listings are sourced from Cotality, the authorized distributor of REBNY's Residential Listing Service (RLS). Demographic layers are joined from the US Census ACS 5-year estimates.
Can I cite Denza figures in my own work?
Yes — our aggregate figures may be cited with attribution to Denza AI / Conquest Advisors. See the REBNY data license for the exact attribution line and redistribution terms.
Do you publish individual addresses or agent PII?
No. Every published dataset is aggregate — no individual listing keys, no agent PII, and no addresses below the building level. Every release passes a REBNY Data License Agreement review before it ships.
Questions

Citing our data? Reach the research team directly.