[quote=SD Realtor]I hear ya Dr Boom. However I think that the 3rd party sites WILL NOT want to display the true nature of the market. Some of us have been posting for the past several months that a large percentage of the Active inventory was not active, only to be ridiculed and accused of trying to create an illusory market.[/quote]
No ridicule from me: I’m with you.
Anyone who makes a few calls on supposedly “active” listings soon finds out what the score really is, so I don’t think it’s much of a surprise to the clueful.
[quote]The bottom line is that if Joe Consumer gets on line to shop on Redfin or Zillow for a home and sees his effective inventory reduced by 50 or 60% from the already ridiculously low volume it is currently at, then he will turn off the computer and go to the beach instead. [/quote]
You may be right. It wouldn’t deter me or my wife, on the other hand, and I don’t think we’re unique. If anything, showing the true state of things might create more bidding wars due to a higher perception of scarcity.
[quote]So maybe it is my pessimistic self talking here but I bet the third party subscribers will be somewhat… methodical in the approach of how to present the updated MLS… if they do anything at all. [/quote]
If one of them does it, I think the rest will have to follow.
