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Rainmaker
3,953,634
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Numbers rarely lie but the interpretation of them is sometimes rather suspect.  

May 10, 2021 06:27 AM
Rainmaker
1,696,844
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

they have to lag behind to a certain extent. The MLS would be the most current at all times but the media doesn't really have direct contact with that info. Even NAR is a month behind.

May 10, 2021 06:43 AM
Ambassador
2,545,139
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Reported numbers are (presumably) facts.

Forecasts are conjecture, hypothesis, or speculation.

Lag time?  A few days, perhaps a week.

May 10, 2021 06:53 AM
Ambassador
3,000,465
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am not sure I understand the question or more specifically what real estate numbers you are referring to .... and reported by whom. 

I'd like to believe my MLS is relatively current and accurate.  

May 10, 2021 08:03 AM
Rainer
132,463
Ken Jones, ASA | Broker & Appraiser
Kenneth J. Jones, Inc./Global Valuations - Newark, NJ
Commercial Real Estate Broker & Appraiser

Peter Mohylsky. Broker Associate Since I don’t know specifically what numbers you’re referring to it’s impossible to give you a useful answer.
But, I can tell you that all reported transactions are historical and should be accurate. While all future numbers are purely speculation.

May 10, 2021 07:42 AM
Rainmaker
1,788,447
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

It all depends on which numbers, the source of the numbers, the organization reporting on the numbers...  I do my market reports 5 or 6 days after the end of the month. So my numbers lag by 5 or 6 days. I suspect many of the national reporting machines are probably a few weeks delayed.

May 10, 2021 01:46 PM
Rainmaker
1,361,233
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Usually lagging numbers.  Just read a report about March 2021's numbers compared to March 2020 (my area is up 12% in median price and 25% in sales volume).  Any type of reporting is always going to lag behind.  Forecasting the market is less accurate than forecasting the weather.

May 10, 2021 09:14 AM
Rainmaker
867,349
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

When you mention "numbers being reported at all levels" you are casting a very wide net, Peter. Yes...some numbers are lagging numbers. Yes...some numbers are a forecast.

May 10, 2021 08:42 AM
Rainmaker
5,361,656
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

I am in the same camp as Michael Jacobs when it comes to numbers.  A

May 10, 2021 08:30 AM
Rainmaker
1,378,714
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

It is in how the user wants to be portrayed most times!

May 10, 2021 07:54 AM
Ambassador
4,490,254
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It depends on the report. The MLS would seem to be the most up to date and most accurate...so we are in a position to be the most accurate and up to date as opposed to the media and others.

May 10, 2021 11:05 AM
Rainmaker
2,609,884
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Data is always vulnerable to human error but remains a good rule of thumb

May 10, 2021 10:18 AM
Rainmaker
6,364,084
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The MLS numbers in our market are good indicators.

May 10, 2021 08:52 AM
Rainmaker
4,015,797
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Michael Jacobs sums it up well.

May 11, 2021 04:45 AM
Ambassador
5,209,285
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It is the nature of things being reported, I suspect that electronic reporting has reduced this lag significantly over the past few decades.

May 10, 2021 07:58 PM
Rainmaker
4,730,715
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The news accounts are always lagging, but I do a daily tally of the new listings and total listings plus pending/closed.

May 10, 2021 07:39 AM
Rainmaker
806,557
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, those are stats that are reported after the fact. Forecasts are just educated guesses.

May 11, 2021 06:18 AM