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Re-benchmarking of Existing Detached Home Sales PowerPoint Presentation
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Re-benchmarking of Existing Detached Home Sales

Re-benchmarking of Existing Detached Home Sales

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Re-benchmarking of Existing Detached Home Sales

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  1. Re-benchmarking of Existing Detached Home Sales March 15, 2013

  2. What is Getting Revised? • Downward Revision to California Existing Detached Home Sales • No Revision to Median Home Price • No Revision to Local (County/Region) Sales and Price Statistics • No Revision to Unsold Inventory Index (Months of Supply of Inventory) • No Revision to Median Time on Market • No Revision to Housing Affordability Index • No Revision to Distressed Sales Statistics • No Revision to Pending Home Sales Index

  3. Reported and Re-Benchmarked Annual Existing Detached Home Sales

  4. Previously Reported (Old) and Re-Benchmarked (New) Annual Existing Detached Home Sales (C.A.R. and N.A.R.)

  5. CA Sales of Existing Detached Homes(Annual)

  6. CA Sales of Existing Detached Homes (Monthly)

  7. Reasons for the Difference in Sales Before and After Re-Benchmarking • C.A.R. expanded data sample size and increased coverage over more sampled geographic areas • More data is being retrieved electronically through a more reliable process, which allows C.A.R. to collect data more accurately and with more consistency across the board • Fewer FSBO home sales and more REALTOR®-assisted home sales • More Homebuilders seek REALTOR®-assistance in listing properties on MLSs