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 Housing Listing Inventory Report Doesn't Look Right
14-06-2006
There are lies, damn lies, and statistics, said Mark Twain.
According to a news release from Corzen Real Estate Indicators, online housing listing inventory was 2.3 million in May 2006, up from 1.3 million in May, 2005, up 60 percent -- a figure the National Association of Realtors disputes.
Corzen's monthly survey is based on a zip code-by-zip code analysis of homes listed online at Realtor.com, says the company. "On a monthly basis, Corzen gathers data on every home listed for sale, including the location, the asking price, the number of bedrooms and bathrooms and the listing broker or agent. Corzen consolidates this data and reports on detailed real estate industry market trends across the country and for specific metropolitan areas," says the release.
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