Dave Chomitz, a friend of mine in the Real Estate industry sent me an email today with some really interesting implications, if you are a statistician. lookee here:
click on the pic to enlarge
This is a graph showing the listings to the sellings for the last three months. You can draw all kinds of conclusions from it It could be said that sales improved 25% over the month before ..... (January 31 - February 39) ... things are going great !!! while that would be accurate mathematically it would also be misleading. But listings are up and sales are down over the year and year to year sales 07-08 were down 43%. But the the telling stat was about inventory. The inventory balance is 5.5 months at the moment the inventory is 17.4 ahead. Now let the house builders say that there is a demand!
But the most interesting part of the email was the link to his web TV show
The Real-Ality-Show a professional commentary purportedly about real Estate, but he does wander look at it!
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