Tucson MLS January 2008 Closed Transactions Tracking
February 1, 2008
Post Tags: Tucson-MLS , Tucson-MLS-Closed-Transactions-January-2008 , Tucson-MLS-Statistics
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Over at the news blog Tucson Real Estate in The News I wrote a post about the January Closed Transactions and how the Tucson MLS is doing a great job of trying to get good data for the monthly Tucson MLS Statistics report.
So it is time for
Fun with Statistics
Here is what I’ll be doing. Over the next couple of days I’ll be updating the number of closed transactions entered into the Tucson MLS System. All Status Changes are to be entered into the system within 2 business days after the change. So if you have a listing that is pending and closes escrow there is a two business day window to change the status of that listing in the Tucson MLS System.
Now there is a fine up to $15,000 for not making status changes within this time period. Thursday was the close of January 2008. I pulled the closed transactions late last night and found 531 closed residential transaction in the Tucson areas used for the statistics reports each month.
This means all closed transactions should be entered by midnight February 4, 2008 since that will be the end of the second business day. I’m going to be showing a graphic of period pulls of the data from now till Monday night February 4, 2008. Then every couple of days we run this query and pull the data to see if the threat of a hefty fine is having any impact on the timely entry of the data. Fun, right.
Here is the first graphic from data pulled about 2:30 p.m. today.
I’ve captured the Stats pull down so those who are weekend (Superbowl Weekend I might add) number geeks can see how the sales being entered effect the stat shown in the drop down.
Already we see an increase from 531 to 556 sales entered today. Check back this weekend. I’ll keep adding new graphics. Isn’t this fun?
This was pulled 11:30 am. Saturday February 2, 2008.
This was pulled 12:45 pm. Sunday February 3, 2008
This was pulled 8:30 pm. Monday February 4, 2008
In the past it has been quite common for more than 1/4 of the closed transactions to be entered after the month closes, often more than a week after. However, for more than two weeks agents have been told of the penalty for not making the Status Change within 2 business day. This means it could be a very small number of residential closings during January. Or it could mean many don’t think they will be fined and aren’t changing their practices. We shall see.
Oh! My! It Looks Like Someone Missed the Deadline
This was pulled 8:00 pm. Tuesday February 5, 2008.
WOW Where did the week go.
Here is the Friday evening wrap up on the latest closed transactions.
This was pulled 5:30 pm. Friday February 8, 2008
Hey at least we broke 600 : )
February 12, 2008 9 pm update
We might make it to 610 yet!
February 19, 2008 Noon Update
We have gone from 584 which will probably be the number used in the official Tucson MLS Statistics Report for January 2008 to 613 to date. This calculates to 29 additional closed transactions; all of which are subject to a fine for late entry into the system.
As mentioned above this is February 19, 2008 the Tucson MLS Statistics Report for January 2008 has not yet been released. Last year the January report was not released until the last day of February.
February 27, 2008 9 pm
This is our last entry. 617 the final count for the month. At least that’s how it looks right now. Later this year they were be a look back at the final counts for the months of the year. I wonder what we will find? Stay Tuned.
The Tucson MLS Statistics Report January 2008 is now up at Tucson Real Estate in the News
I had heard that come the New Year these reports would be released in a more timely manner. But it seems not. Too bad they can’t get their act together. I read recently that “One Ah Sh#$ wipes out Three AtaBoys”. I wish TAR would get that message.
February 3rd, 2008 at 3:43 pm
Maybe your fellow realtors did get scared a little bit, Dave.
There was some drop in the numbers of available houses in the zip code I watch when I looked today.
You came up with a fun game! Me likie.
February 3rd, 2008 at 3:46 pm
tomorrow should be even more fun. Then by the end of next week the fun should really begin picking up.
February 4th, 2008 at 8:18 pm
So what’s the score today, Dave?
February 4th, 2008 at 8:28 pm
concerned,
There is still 3 1/2 hours to get them entered before the fine kicks in. Now is when the real fun begins.
February 4th, 2008 at 8:41 pm
It all depends on whether any fines have been ever enforced in the past. We all would do just about anything we can get away with…
That’s how human nature works … 
February 6th, 2008 at 6:38 pm
Surprise, surprise, huh?! But you’ll never find out if anybody was fined, right? Guess next month’s numbers would be a good indication of that…
February 6th, 2008 at 6:42 pm
We will keep tracking this next week and providing updates if there are more being entered. If there are fewer than 20 additional transactions then I would say the threat had an impact, then they have to follow up with the fines to make it stick.
February 19th, 2008 at 1:21 pm
Dave:
I’ve enjoyed reading your blog over the last 6 months. You have helped me learn much about the local market. Do you the status of January’s MLS statistics report? I’m unable to link to January’s stats and it seems quite late in the month for them to be published. Or, is it possible that the link has changed for 2008? Thanks again!
February 19th, 2008 at 1:35 pm
Ralph,
I’ve just posted another update to this post including the following statement at the end:
“I had heard that come the New Year these reports would be released in a more timely manner. But it seems not. Too bad they can’t get their act together. I read recently that “One Ah Sh#$ wipes out Three AtaBoys”. I wish TAR would get that message.”
Yes, it is late in the month. Yes, almost every MLS in the country gets their stats out in less than 10 days into the next month. Yes, TAR should fix this.