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Last month I expressed my uncertainty about many aspects of our current market. One thing I am fairly certain about, we will have fewer sales this year than 2022 which was itself a low sales year. The scale of the drop in sales is stunning when you realize we had fewer sales last year than […]

Whenever the market and the signals from the metrics I track are confusing me, I usually try to zoom out and look at the bigger picture. Is what we’re seeing within the bounds of prior experience? If not, why? If so, how does the current situation differ from the guidelines of the past? This current […]

Seasonal patterns in the real estate market are the underlying bedrock of many of our statistics. We don’t always follow those seasonal patterns as short-term effects can override the typical seasonal patterns, but when there isn’t any outside influence pushing the market hotter or colder, we generally revert back to our seasonal patterns. The seasonal […]

A recent discussion between a few of us market watchers concerns our data integrity and what sources we should be using. Should we use data only from the IRES system or should we use data from both systems with the de-duplication system enabled. In most of my stats, I only track IRES data. This is […]