Housesigma is slow, I check Scott's stats once in awhile when I am curious where the market is headed. He hasn't been wrong before. His Dec1-15 post was the first indication I had of things going up and sales ended the month up 76%
I realize there is a bit of lag but if he's saying sales are up 50% YoY that means he's seeing a January sales pace of 1350 sales (or ~ 330 sales per week). I highly doubt House Sigma is missing 240 sales. They have access to the same MLS data Scott does.mazerbeaner wrote: ↑ Housesigma is slow, I check Scott's stats once in awhile when I am curious where the market is headed. He hasn't been wrong before. His Dec1-15 post was the first indication I had of things going up and sales ended the month up 76%
No one has taken more abuse on these forums than @mazerbeaner , @oasis100 , @JayLove06 , or me. And @ilim too. We deserve to celebrate!
Last Jan 1-10 had 7 business days (a weekend and a holiday) whereas this year there were only 5 business days (2 weekends and a holiday). These YoY stats are nuts and confirm what a bunch of other realtors like Oasis were already saying. Can't get data like this elsewhere because it isn't broken down that well.DaMan12 wrote: ↑ I realize there is a bit of lag but if he's saying sales are up 50% YoY that means he's seeing a January sales pace of 1350 sales (or ~ 330 sales per week). I highly doubt House Sigma is missing 240 sales. They have access to the same MLS data Scott does.
Or what I think the more likely outcome, is last year the first week of January had very low sales (maybe like 60-70), and now this year we have 100+ sales in the first week? So he's extrapolating that way? If he didn't hide his numbers to promote his bias I would appreciate his posts much more.
I don't know how they get their data but if you look at the bottom chart on Zolo it says last updated January 2nd, the sales graph says the 8th but also shows sales up 86%
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