You are absolutely right. In the end the seller sets the price. But there are a lot of hungry listing agents that will take the listing no matter the price. This is called “Buying the Listing”.

No PITA here : ). I’m not saying those areas shouldn’t be reported. I’m saying they shouldn’t be reported as a part of the Tucson stats. They are in the Tucson MLS System, and should be reported. But the way it has always been they had no idea of what was going on in their areas, they were lumped in with Tucson.

Since those figures are being excluded I think they should break them out like they do the areas in Tucson and provide the stats for them in that way.

“As to chosing to limit the reporting area, that should have been done a long time ago. Why we have been reporting listings and sales in Benson, Green Valley, Sierra Vista and Mexico as part of the Tucson Real Estate Market makes no sense.”

It makes sense to me. I have one friend that just moved to J6 and two other friends that moved to Benson. All of them work in Tucson, and they say its a lot more affordable (more bang for the buck). I work with one fella that lives outside of Wilcox who makes the commute every other day. I’m not trying to be a royal PITA, but there are quite a few people that live well outside of Tucson but work in the city limits.

I’ve been wondering the same thing since they announced in the May stats they weren’t including these areas anymore.

I’ll send an email to Judy Lowe and ask her that very question. The other thing I’ve been wanting is for Condo’s and Townhomes to be split out in the reporting. They slit them in the listings late in 06 so the input of the data has been split but the reporting continues to be lumped together. It would be a better measure of the market if we know the townhome condo information in each category, of new listings, average sale price, median sale price, etc.

Very interesting email address. We never use emails for anything other than personal communication. I prefer a real email address so if I need clarification or further communication I can do it in a less public forum like now.

Will the Tucson MLS be responsible for reporting the listings and sales from Benson, Green Valley, Sierra Vista, unincorporated areas of Cochise and Pinal Counties? What about the rest of Pima County?

Where will this stuff show up now?

Sled Dog

No, read my last comment again. We are talking about YoY data. Not month over month.

As to the DOJ and the NAR that is a red herring to this post and discussion.

What you are calling manipulation of the private database does not reflect lower inventories. Quite the contrary, if the smaller area figures of this year are compared to the larger area figures of last year it will make the figures worse not better.

As to chosing to limit the reporting area, that should have been done a long time ago. Why we have been reporting listings and sales in Benson, Green Valley, Sierra Vista and Mexico as part of the Tucson Real Estate Market makes no sense.

Oh, I get it now.
If SFH sales are down YoY, if average aales prices are falling, if median prices are falling, if pulled permits are down YoY and if inventory is growing YoY then all I have to do to make this look good is to compare MoM?

What happens if I put 12 MoM’s in a row?
Does it still look better then?

As for the Tucson MLS manipulating their private database to reflect lower inventories and higher sales prices. Take a look what the Dept. of Justice is doing about it.

http://tinyurl.com/2b7paj

Yeah buddy, you’re being sued by the FEDs for anti-trust violations. Wonder why?

watcher

When using the YoY figures there comes a point when an improving market converges with a declining market. This is why I don’t like using just YoY figures. If the previous year was a bumper year or abnormal in any way it can make the current data seem inflated or devalued depending on what happened the previous year.

It the same if reporting the corn crop in Iowa or the Almond crop in California. A bumper crop year for almonds in CA this year will result in the reporting of a drop in the harvest next year by YoY figures when in actuality, it could be a very good year for almonds just not as good as the bumper year before.

When looking at the Tucson MLS statistic report for May the point of convergence is approaching. I’m working on a post about the coming convergence. Hopefully it will be available sometime this weekend.