The MLS lists 1786 sales of SFRs/Condos for the period of 02/01/2007 – 02/28/2007; and at the moment it lists 1,786 sales for the period between 03/01/2007 – 03/28/2007.
Because sdr pointed it out a few months ago, I realize that some of the agents lag a bit in reporting their sales and we still have 3 days to go this month, so March’s numbers will go higher. However, I am a bit surprised that they aren’t already substantially higher right now.
The MLS reported 29,000+ sales for all of 2006, which averaged out to ~2,400 sales a month. The February 2006 sales amounted to 1,913 (6.5% more than 2007), and the March 2006 sales amounted to 2,906 which is a substantial jump (35%) over the preceding month. In order to show a similar jump this year, March 2007 would have to top out at about 2,400 sales, which is a long ways to go from the current 1,786.
I guess the big question is how many MLS listings resulting in sales occurring earlier this month have yet to be updated?
