If you looked at the Trib today, you probably read the article about January’s real estate statistics. The article started out saying that January was “typically a slow month for real estate activity”. The problem with this statement is that the statistics reported are about the activity in December since it uses Solds. Most homes closing escrow in January went into escrow in December and if they were 45+ day escrows, we’re looking at some November activity too.
My statistics use Pending sales for the month as the indicator. The chart showed that activity picked up in January. I’ll post February numbers in the next few days so you can see what the Trib will be writing about in May.