Comments on: Pending home sales may be strong for U.S., but not Chicago condos http://www.chicagometroarearealestate.com/pending-home-sales-may-be-strong-for-u-s-but-not-chicago-condos/ by Downtown Chicago Realtor, Fran Bailey & Lakeview - Lincoln Park Realtor, Mary Kaye Buettgen Sun, 05 Feb 2012 12:49:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Fran Bailey http://www.chicagometroarearealestate.com/pending-home-sales-may-be-strong-for-u-s-but-not-chicago-condos/comment-page-1/#comment-175396 Fran Bailey Tue, 12 Jan 2010 00:59:36 +0000 http://www.chicagometroarearealestate.com/?p=2770#comment-175396 Hi Bob, First, Let me say that I am very flattered that you find it worth your time to read my blog! If only you were a potential client! ;) I discovered your real estate blog a while back and see that you've implemented some cutting-edge tools such as Camtasia. Kudos to you! I've been wanting to try it, but just haven't found the time yet. Second, I don't disagree with the statistics you shared. You are quite correct that pending condo sales were significantly higher in October and November 2009 than in 2008. The main point I was attempting to make was that Chicago condo sales in 2009 weren't hitting highs (or near highs) like the NAR Index or the MRED pending sales for houses (even without seasonal adjustments). You make a good point about comparing seasonally adjust and non-adjusted values. The NAR Index had just come out in the news, but it would have been better to stick with a comparison of just MRED house and condo data. The more I reread this blog post, the more I realize that I wasn't being clear at all. Thanks for brining this to my attention. I'll try to do better! Hi Bob,

First, Let me say that I am very flattered that you find it worth your time to read my blog! If only you were a potential client! ;) I discovered your real estate blog a while back and see that you’ve implemented some cutting-edge tools such as Camtasia. Kudos to you! I’ve been wanting to try it, but just haven’t found the time yet.

Second, I don’t disagree with the statistics you shared. You are quite correct that pending condo sales were significantly higher in October and November 2009 than in 2008. The main point I was attempting to make was that Chicago condo sales in 2009 weren’t hitting highs (or near highs) like the NAR Index or the MRED pending sales for houses (even without seasonal adjustments). You make a good point about comparing seasonally adjust and non-adjusted values. The NAR Index had just come out in the news, but it would have been better to stick with a comparison of just MRED house and condo data.

The more I reread this blog post, the more I realize that I wasn’t being clear at all. Thanks for brining this to my attention. I’ll try to do better!

]]> By: Bob Darrow http://www.chicagometroarearealestate.com/pending-home-sales-may-be-strong-for-u-s-but-not-chicago-condos/comment-page-1/#comment-175395 Bob Darrow Sat, 09 Jan 2010 22:32:18 +0000 http://www.chicagometroarearealestate.com/?p=2770#comment-175395 Hi Fran, Loyal reader in Chicago here. One comment for you on the graph above compared to NAR's figures. NAR's numbers are usually seasonally adjusted for the summer to winter cycle. The graph above uses actual figures from MRED, but are not seasonally adjusted. So what you're seeing as the year progresses is the natural seasonal sales cycle. November 2009 outperformed November 2008, and the year-to-year comparisons are more useful in this example. Hi Fran, Loyal reader in Chicago here. One comment for you on the graph above compared to NAR’s figures. NAR’s numbers are usually seasonally adjusted for the summer to winter cycle. The graph above uses actual figures from MRED, but are not seasonally adjusted. So what you’re seeing as the year progresses is the natural seasonal sales cycle. November 2009 outperformed November 2008, and the year-to-year comparisons are more useful in this example.

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