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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (21954)	7/5/2004 2:15:50 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

LongIslandGuy....what is your source of info for real estate inventory in your area? We were told on this thread by a New Yorker that NYC area has no multiple listing system, so I'm wondering where the info on total number of properties for sale originates? Without the local MLS, we here in the rural boondocks of the U.S. would never know how many properties are for sale--or are actually selling-- at any given time. This is not a rhetorical or flippant question....I'm truly curious. I don't even know where the Wall Street Journal got its info about the reportedly large number of multi-million-dollar estates for sale in The Hamptons.

To: SouthFloridaGuy who wrote (21954)	7/5/2004 4:58:32 PM
From: ild	Read Replies (1) \| Respond to of 306849

That was my report on RE inventory from another hot place: #reply-20214000 It was: On 3/15 138 On 6/11 650 Today's number - 852. Prices are still pretty firm, just slightly below top registered in May. Buyers are happy to find that there is a choice of properties and they don't have to participate in bidding wars. May selling rate was about 350, so so far the overhang is not very large. It will be interesting to see what happens in August when normal seasonal slowdown will take hold.