"But I Heard It On The Radio --- Aren't Home Sales Down??"
Scott P. Rogers
Today, monthly home sales statistics were released by the Virginia Association of Realtors. As reported by WSVA today.... "sales of single family homes slumped in Harrisonburg and Rockingham County by a modest two-percent compared to the same month last year."
And yet, you might remember that I reported on those same statistics (Oct '06 versus Oct '07) and indicated that sales were up 23%.
What gives??
It's actually quite simple --- the Virginia Association of Realtors only tabulates single-family homes (not townhomes) --- my numbers always include both single family homes and townhomes.
So...yes...the number of single family homes sales (Oct '06 versus Oct '07) decreased by 2%. But, a more meaningful analysis points out that:
Oct '06 versus Oct '07 shows a 23% increase in sales of single-family homes and townhomes. (click here)
AND....
Nov '06 versus Nov '07 shows a 28% increase in sales of single-family homes and townhomes. (click here)
Always check the facts . . .
And yet, you might remember that I reported on those same statistics (Oct '06 versus Oct '07) and indicated that sales were up 23%.
What gives??
It's actually quite simple --- the Virginia Association of Realtors only tabulates single-family homes (not townhomes) --- my numbers always include both single family homes and townhomes.
So...yes...the number of single family homes sales (Oct '06 versus Oct '07) decreased by 2%. But, a more meaningful analysis points out that:
Oct '06 versus Oct '07 shows a 23% increase in sales of single-family homes and townhomes. (click here)
AND....
Nov '06 versus Nov '07 shows a 28% increase in sales of single-family homes and townhomes. (click here)
Always check the facts . . .
