Confusing Housing Statistics

“U.S. Home Sales Fell 26% in October.”

The New York Times (11/23/2010)

“Home Sales Fell 2.2% in October.”

The Wall Street Journal (11/23/2010)

So which is it?

Both, actually.

Home sales fell 26% in October, 2010 compared with October, 2009.

And they dropped 2.2% compared with the preceding month (September, 2010).

However, the real statistic of note for the Twin Cities market is the year-over-year number: down 41%.

That’s not much of a surprise to local Realtors.

The only thing dulling the sting a bit is that the October, 2009 numbers were juiced by the (then-looming) tax credit expiration, one month away (November 30, 2009).
About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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