Dueling Housing Numbers in the O.C.

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Here is some food for thought:

The California Association of Realtors (CAR) announced that the difference in the number of existing single-family homes in Orange County that sold in April 2008 vs April 2007 was an increase of 14.8%. However, DataQuick reported that this number was actually a decrease of 15.9%. CAR uses the numbers in the multiple listings; DataQuick’s uses the number of closed sales as recorded by the County of Orange.

For information on the Irvine housing numbers, see the following upcoming posts: The Irvine Market Report: Detached Home Stats, May 2008″ and “Reality Check: Irvine Condo+Detached Home Stats, May 2008.”

Source: Orange County Register

  • Dominic

    Sounds like CAR counts the bank buy-backs as a sale in their stats, making things seem better than they really are.

  • http://orangecounty.redfin.com/blog/author/sylvia.walker Sylvia Walker

    Dominic,

    Good insight into what might be causing the differences in these numbers. I was wondering also if the number of FSBOs was contributing to this difference. Any thoughts on this?