Park Cities Home Ownership? Feh.

• Robert- I think Jeff does a great job and has a great blog. But in this case, I think he is significantly underestimating the number of February transactions that have not been converted to "sold" in the MLS system (more than his disclaimer seemed to indicate). It's my understanding that MLS policy allows for maybe 3 or 5 days after a closing for an agent to change properties in MLS from "pending" to "sold", and Jeff's Sunday stats were certainly measured within that grace period for end-of-month closings - and the agents who are doing a lot of business were probably pretty busy over the weekend. And further, I've seen studies showing that the number of "sold" transactions in any given area will rise another 11% over the coming months due to the really late changes to MLS, making any such comparisons somewhat "apples-to-oranges" (because the Jan/Feb numbers from last year get the benefit of all of these late reporting sales trickling in throughout 2007). In summary, things are selling better than the stats to which you have links on Jeff's blog.

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