Hmmm…

Terradatum this morning shows 2205 pending, which would be significant: the most monthly pending sales since August, though still down a little less than 24% from last April. I checked RMLS and see the same number as you, but I think the 247 ’sold’ are included as well since they went pending during the month. That would bring the total to 2108, a little closer.

I wonder if Terradatum includes homes that went pending but failed and went back on the market?

I did not report on the CS numbers, only because they had been widely reported elsewhere and I was busy early this week.

The CS numbers are two months in arrears in reporting and they are a broad indicator of the market (no new construction etc.). The CS numbers aren’t particularly helpful to me or individual clients I represent due to those factors.

Nevertheless, they are a bellwether of the market and I am confirming trends with fresher data that average & median pricing is down, inventory continues to climb, and sales are sluggish.

I mentioned the ‘bounce’ of spring sales because most expect higher volumes in April, May, June, but the trendline continues to be off 35-40% YTD over 2007. I have mentioned that several times, including in the Oregonian.

I found 1,865 pending sales for April 1-30 as of 3:00 pm Friday. Five moved to SOLD (presumably) by 9:00 pm. My numbers show 1,865 vs. 2,998 for April 2007.

I hoisted myself by me-own petard last month re: Pending Sales. Perhaps, I still continue to intepret them different that everyone else.

Pending: status = pending, but not closed between April 1 and April 30?

Curious: are you using areas 141-156? I’m posting Terradatum numbers in the morning - they pull from RMLS a little after midnight - and everything comports but the pending sales: I see down only 24% rather than 38%. Any idea the discrepancy?

Jeff