4,584,821
Numbers rarely lie but the interpretation of them is sometimes rather suspect.
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Kat Palmiotti
Kalispell, MT
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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John Juarez
Fremont, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Raymond E. Camp
Ontario, NY
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Joan Cox
Denver, CO
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Candice A. Donofrio
Fort Mohave, AZ
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Lyn Sims
Schaumburg, IL
1,848,031
they have to lag behind to a certain extent. The MLS would be the most current at all times but the media doesn't really have direct contact with that info. Even NAR is a month behind.
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John Juarez
Fremont, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Fred Griffin Florida R...
Tallahassee, FL
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Michael Jacobs
Pasadena, CA
2,684,769
Reported numbers are (presumably) facts.
Forecasts are conjecture, hypothesis, or speculation.
Lag time? A few days, perhaps a week.
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John Juarez
Fremont, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
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Candice A. Donofrio
Fort Mohave, AZ
3,350,774
I am not sure I understand the question or more specifically what real estate numbers you are referring to .... and reported by whom.
I'd like to believe my MLS is relatively current and accurate.
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John Juarez
Fremont, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
2,460,173
It all depends on which numbers, the source of the numbers, the organization reporting on the numbers... I do my market reports 5 or 6 days after the end of the month. So my numbers lag by 5 or 6 days. I suspect many of the national reporting machines are probably a few weeks delayed.
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
1,507,123
Usually lagging numbers. Just read a report about March 2021's numbers compared to March 2020 (my area is up 12% in median price and 25% in sales volume). Any type of reporting is always going to lag behind. Forecasting the market is less accurate than forecasting the weather.
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
1,326,634
When you mention "numbers being reported at all levels" you are casting a very wide net, Peter. Yes...some numbers are lagging numbers. Yes...some numbers are a forecast.
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Kathleen Daniels, Prob...
San Jose, CA
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Joan Cox
Denver, CO
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Michael Jacobs
Pasadena, CA
5,773,392
Peter,
I am in the same camp as Michael Jacobs when it comes to numbers. A
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Kathleen Daniels, Prob...
San Jose, CA
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Michael Jacobs
Pasadena, CA
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John Juarez
Fremont, CA
1,513,143
It is in how the user wants to be portrayed most times!
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John Juarez
Fremont, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Michael Jacobs
Pasadena, CA
5,063,430
It depends on the report. The MLS would seem to be the most up to date and most accurate...so we are in a position to be the most accurate and up to date as opposed to the media and others.
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
2,785,746
Data is always vulnerable to human error but remains a good rule of thumb
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
7,872,250
The MLS numbers in our market are good indicators.
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John Juarez
Fremont, CA
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Michael Jacobs
Pasadena, CA
5,247,573
6,426,300
It is the nature of things being reported, I suspect that electronic reporting has reduced this lag significantly over the past few decades.
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Michael Jacobs
Pasadena, CA
5,879,946
The news accounts are always lagging, but I do a daily tally of the new listings and total listings plus pending/closed.
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Michael Jacobs
Pasadena, CA
902,658
Yes, those are stats that are reported after the fact. Forecasts are just educated guesses.