23 accepted offers this week, which includes…
1 “executed contract” (jumped directly up from “available”, no stops along the way)
I was prepared to accuse the other real estate blogger of launching a mis-information campaign, but it turns out, that ol’ son-of-a-gun is almost right about something!
When I take the MLS-released figures for the week, I first cull out-of-town listings, then rentals, and finally, any listings that have already appeared on the previous week’s A/O list, and have appeared again as they moved from a mere “accepted offer” status, to the more serious “accepted offer, contracts” status.
I thought I was doing a thorough job, but was shocked, shocked to discover I’d let a few repeats slip through. Anyway, now fixed, and no, Mr. For-What-It’s-Worth, it’s not 15 accepted offers, it’s 23, and yes, unlike you, I happen to think land sales, condos, and multi-family houses “count” as evidence of a busy real estate market.
A final note about the MLS category of “executed contracts”: Normally, this particular list is the final stop before “sale”, for listings that have passed through the status of “accepted offer” and “accepted offer, contracts”, so the list is mostly populated with repeats. The exception is when a cautious broker does not report anything at all until the contracts are fully-signed. That’s why I always check that list at the end of the week, to make sure some new, previously un-reported listings haven’t shown up there.
This is starting to feel like hard work!