Wednesday, January 11, 2006

San Francisco Housing Tracker

I just came across this pretty cool site called Housing Tracker and thought I'd share it with you.

From their site:

HousingTracker is an attempt to gain a more realtime understanding of the national housing market. For the most part, all we have to rely on the quarterly Realtor reports to get a sense of how the last quarter played out. HousingTracker data is compiled weekly from MLS listings which contains asking prices as opposed to the Realtor reported sale prices. HousingTracker gives you the 25th percentile, 50th percentile, and 75th percentile asking price for the metro areas covered. Additionally, the number of homes for sale (Inventory) for the metro area is reported.

I agree, the housing data that we see through the normal media is dated and is usually at least 30 days old. When you're in a transitional market like the one that we currently seem to be in, what was true 30 days ago isn't exactly true now.

That's why a colleague of mine, Glen Bell, and I have been pulling current market data every week for the past few months to get a more realtime picture of this marketand the results are quite striking. Look for a post in the near future summarizing our findings so far.