Wednesday, June 6, 2007

The MLS doesn't lie

No matter how many search engines you use and double, triple and quadruple count individual listings, there is one inescapable fact. The MLS doesn't lie. MLS stand for Multiple Listing Service. It used to be the huge book which was standard in every real estate office. Now it is all online.

Depending how the listing agent wrote the description different services will include some extra, or some fewer homes than another. It is exactly like using "keywords" or "labels" for internet search engines. Some websites will incorporate "Pamela Anderson" as one of their search parameters and the Google web-bots will pick it up. So someone goes looking for their favorite pin-up poster and they wind up at a site selling herbal remedies. Sound familiar? I know it's happened to just about everyone out there (although probably not looking up Pamela Anderson).

The same thing happens with real estate listings. But the truth is there are at most 400 existing housing units in San Pedro which are listed for sale. No amount of smoke-and-mirrors will change that. As much as some people wish it, it isn't there.

Sorry Dorothy, you can't click the heels of your ruby slippers together and make housing magically appear.

2 comments:

Just4fin said...
This comment has been removed by a blog administrator.
Anonymous said...

I think if you do the research you'll find that there are more houses for sale in San Pedro , per capita, than any of the neighboring cities. Further, you'll find that many of the houses for sale in San Pedro have been for sale quite a long time...