Last week the Case-Schiller Housing Sales report described the fall in sales and selling prices in most US cities in January. Unfortunately, Case-Schiller uses CLOSED TRANSACTIONS as its data. So home sales that closed in January were reported. These sales were actually contracted in Nov and Dec 2010. So the data in studies like C-S reflects older data than that you can get in my monthly emails and newsletter. I track pending sales and sold transactions each month in several market segments and report these within the first few days of each month. So you get the latest data, reflecting the latest trends in the market.
For example, I am now reporting actual March sales and inventory levels. Weeks before you will see this data in Ca. reports or national reports like C-S and others.
Here's a summary of March 2011 sales data:
1) Sales in all segments except >$1M were up in March compared with Jan and Feb 2011 and approx 2x what was being sold in same period in 2009.
2) Median selliing prices remained essentially flat as they have since Feb 2010.
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