I’m catching up on some of the news articles over the past week.
I really liked the article in the Wednesday’s Tribune with the headline “COUNTY HOME SALES SINK AGAIN, BUT NATIONAL PICTURE BRIGHTENS”
Once again the Tribune is behind in their reporting. I don’t know why so many wait for the DataQuick sold numbers and then write articles about what the local real estate market is doing. I really think Buyers and Sellers want to know how the market is currently doing, not what it was doing 1-2 months ago which is what you get with the DataQuick numbers. I’m starting to believe that the people writing these articles don’t understand the real estate process where homes go Pending Sale, then spend 30-60 days in escrow. Either that, or they don’t have access to any other information than Sold info that DataQuick reports (which they get from public records).
Want the real pulse on the local market???
As I reported at the beginning of this month, in February we had over 400 Pending Sales which we haven’t had since August of last year. I just checked the Pending Sales for this month thus far and we’re at 476. With 3 days left in the month, I’d be surprised if we didn’t break 500 Pending Sales. We haven’t done that since May of last year.
But don’t wait for the Tribune to report this trend as they won’t have the data until May. By then, I’ll have reported two more months of market statistics.