Inflated home sales numbers
Are Ft. Myers and Cape Coral MLS boards double reporting?
One of the things that truly befuddles me is why both Ft. Myers and Cape Coral both need their own real estate boards. As the two organizations use different information systems and do not currently share data, a significant number of local Realtors belong to both organizations.
Many homes for sale in the area are entered into both systems. When the double entered homes are sold, both boards are most likely reporting the sale. This double reporting inflates the home sales that are reported each month by the Florida Association of Realtors. Heads up to astute RE/MAX Realtor Brett Ellis for uncovering this oversight.
Real estate numbers may be inflated by duplication [NBC-2]
One of the things that truly befuddles me is why both Ft. Myers and Cape Coral both need their own real estate boards. As the two organizations use different information systems and do not currently share data, a significant number of local Realtors belong to both organizations.
Many homes for sale in the area are entered into both systems. When the double entered homes are sold, both boards are most likely reporting the sale. This double reporting inflates the home sales that are reported each month by the Florida Association of Realtors. Heads up to astute RE/MAX Realtor Brett Ellis for uncovering this oversight.
Real estate numbers may be inflated by duplication [NBC-2]
posted by Mark Washburn on 2/03/2006
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