Thanks to IW for sending along this link to Barry’s coverage of NAR statistics:

Link to The Big Picture Blog post poking holes in NAR stats 

I don’t give a hoot about NAR statistics either, because all that matters is your local market.

 
Let’s look at the Carlsbad-to-Carmel Valley Detached market stats for July:

Year # of Sales Avg. $/sf
2001
216
$286
2002
252
$285
2003
311
$326
2004
267
$418
2005
201
$433
2006
162
$451
2007
190
$440
2008
174
$438
2009
162
$347

Tread very carefully – sales are the leading indicator.

Pin It on Pinterest