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NY Times "Residential Sales Around the Region": Why the long time lag?

Started by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008
Discussion about
On Sunday's "Residential Sales Around the Region Page", the entry for "Manhattan/More than $900,000" looked vaguely familiar. http://graphics8.nytimes.com/images/2009/01/09/realestate/11ressales.jpg I traced the sale back to this listing: http://www.streeteasy.com/nyc/sale/239170-coop-201-west-89th-street-upper-west-side-new-york Note that the deal went to contract over six months ago, and closed... [more]
Response by front_porch
over 17 years ago
Posts: 5325
Member since: Mar 2008

I believe you're looking at broker-supplied data, so some of the lag may be on the part of the agents -- I closed a $2 MM sale in early December, and haven't had time to report it to the papers (I will also send an email to the Post) yet.

ali r.
{downtown broker}

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

Thanks Ali. The reliance on broker input would tend to explain not only the delay, but also the prevalence of sales near or above the asking price. I'll send a note to the section editor suggesting steps to improve the sampling method.

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