: I'll Pay an Increase in NAR Dues If They Get Math Tutors!

I'll Pay an Increase in NAR Dues If They Get Math Tutors!

The National Association of REALTORS® may say that median single family housing values increased during the third quarter of 2010 by 2.5 per cent in the northeast (which is New Jersey's cubbyhole).  They may even say housing sale prices rose in the Atlantic City area by 2.9 per cent.  

But where do they get these figures?  Little Egg Harbor is just 30 miles from Atlantic City, and Atlantic City is the only region close to the Jersey Shore on NAR's radar.  Ocean County isn't even mentioned on the NAR New Jersey list, but that's another story.

 It wouldn't be the first time NAR got it wrong in New Jersey!  The Association had to adjust the housing market figures for the state in 2008's first quarter.  Ouch! NAR Corrects NJ First Quarter Stats

Again, where did these people learn math and do these figures translate into a 2.9% increase?  Take a look at the figures...

Little Egg Harbor 2010 Third Quarter Housing Market 

 Little Egg Harbor
Housing Market
New Under
Contract
Expired Sold Days on
Market
Median
Sold Price
July 2010 54 32 65 18 150 $170,000
August 2010 71 22 53 15 140 $185,000
September 2010 60 23 61 25 149 $210,000

Little Egg Harbor 2009 Third Quarter Housing Market

 Little Egg Harbor
Housing Market
New Under
Contract
Expired Sold Days on
Market
Median
Sold Price
July 2009 55 35 37 25 127 $185,000
August 2009 69 37 46 30 122 $202,500
September 2009 72 41 35 18 128 $211,000

I was never a math whiz, but those figures don't add up to an increase in home values or an improvement in the housing market in Little Egg Harbor, my little piece of the world.

So take with a grain of sand NAR's figures, and if your looking to buy or sell a home at the Jersey Shore get someone that knows the market, The Local Market. 

Buying or selling a home in Little Egg Harbor, contact Little Egg Harbor REALTOR® Laura Giannotta 609.384.6121. 
 
 
 
  

     
Comment balloon 11 commentsLaura Giannotta • December 14 2010 06:45PM

Comments

Good question... New math I would guess???

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 8 years ago

Laura - Statistics twisted to give positive results don't help anyone!

Posted by Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.) almost 8 years ago

Robert - It's got to be...it's nothing like what I studied!

Wendy - I guess it makes somebody happy.

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 8 years ago

It never amazes me the lengths the media will go to to TRY and make the average consumer think the recession is behind us.....

Foreclosures are down this month....GEE, do think that is because there is a moratorium on them until Jan 3rd??  OF COURSE THEY ARE DOWN from last month!!!!  NOONE is allowed to file them!!!! GRRRRR

Posted by Angelina Clarke (Builder Services Realty, LLC) almost 8 years ago

Angelina - You got my GRRRR in this blog!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 8 years ago

Hi Laura:

Please don't give them an ideas in increasing our fees!

They need to just correct these dumb errors...

Posted by Toula Rosebrock, Broker/Sales Associate, Realtor, Lacey Township, (Diane Turton, Realtors, Forked River, NJ) almost 8 years ago

I hear you Toula...I wouldn't be surprised if these figures are found to be wrong!  It happened before. 

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 8 years ago

I don't know Laura...I try to stay away from their prediction and stats in general when it is related to current market condition and forecast...

Posted by Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven (Metuchen Keller Williams Elite Realty / Middlesex County, NJ) almost 8 years ago

Mark Twain...I think...said ....there are 3 kinds of lies...lies, damn lies and statistics...

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) almost 8 years ago

and please dont give them any ideas in term of dues increase....:).

Posted by Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven (Metuchen Keller Williams Elite Realty / Middlesex County, NJ) almost 8 years ago

Cathy - I agree, but these stats are put out there, and we have to answer from them!

Sally & David - I like that quote!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 8 years ago

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