Did anyone else see the July CAR report. They have Riverside/San Berdu with a 176% increase in sales over last year?? Huh, what kind of math is that. DataQuick already posted the numbers and their numbers indicated a 38% increase. An increase is to be expected since last year there were very few sales. But 176%? come on now, the CAR better go check those numbers. Maybe they have taken to counting trustee sales going back to the bank.
I think their number is actually a total yearly sales estimate based on current sales pace. I don't think the number they post is an actual number based solely on July sales. This approach would make things seem much better and further confuse the poor unejumacated knife catchers.
Even though sales are up if you look at the average (statewide) sales over the last 21 years the sales are WAY below the 21 year average. The average July is over 47,756 and this year it was 39,507 (about 18% below average). The CAR can try to spin the numbers any way they want. But the cold hard reality is that that sales are still low and foreclosures are still rising.