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May 16, 2008

Comments

MT

the issue with this stat is it can easily be manipulated (with no penalty) by an agent that can change this LP to close to the SP just prior to the sale being recorded. With this type of manipulation available, I don't put much stock in the stat (even if it hasn't been changed)

Jeff Allen

MT, your concerns about this stat are legitimate. Agents will re-list properties whenever their existing contracts expire, and we don't currently have a way to look back at the original list price of previous listing contracts.

With that said, agents have been re-listing for years, so we can still make historical comparisons over time and can still compare different geographic areas.

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