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 Posted: Tue Sep 25, 2007 2:52 pm GMT Post subject: |
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I understand the MAR covers about 80% of real estate transactions but how can the remaining 20% (828 SFH difference in Aug) of the market cause such a large disparity with the numbers.
Does anyone know if the MAR is ever audited for the numbers they publish? |
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| Posted: Tue Sep 25, 2007 2:55 pm GMT Post subject: |
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| Anonymous wrote: | I understand the MAR covers about 80% of real estate transactions but how can the remaining 20% (828 SFH difference in Aug) of the market cause such a large disparity with the numbers.
Does anyone know if the MAR is ever audited for the numbers they publish? |
I wonder if the Warren group includes the $1 sales of parents to children and the like. I see many sales like this when I look up assessment values. |
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| Posted: Tue Sep 25, 2007 3:00 pm GMT Post subject: |
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| guest type wrote: |
I wonder if the Warren group includes the $1 sales of parents to children and the like. I see many sales like this when I look up assessment values. |
From The Warren Group's website at http://rers.thewarrengroup.com/townstats/ts_login.asp :
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We can show you the median price for all homes selling for more than $1000.
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So it sounds like $1 sales would be disregarded.
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| Posted: Tue Sep 25, 2007 4:29 pm GMT Post subject: |
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| Anonymous wrote: | I understand the MAR covers about 80% of real estate transactions but how can the remaining 20% (828 SFH difference in Aug) of the market cause such a large disparity with the numbers.
Does anyone know if the MAR is ever audited for the numbers they publish? |
Perhaps a large part of the difference is due to foreclosure sales. I assume these are not included in the MAR data but may be included in The Warren Group data. There were 4,527 foreclosures in August, which is probably not the same as foreclosure sales since that number is quite a bit higher than the difference between the MAR and Warren Group data, but it does indicate that foreclosures should be having a big impact. In fact , The MAR only reported 4,700 sales, so there were almost as many foreclosures in August as there were MLS sales!
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| Posted: Tue Sep 25, 2007 7:18 pm GMT Post subject: |
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Correction: I should have stated that the MAR only reported 4,700 single family home sales. The foreclosures no doubt included some condos too.
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