Florida’s report on existing home sales was scheduled to be released today, but is on hold because of problems calculating the data.
The issues are also affecting the release of information from the Realtors Association of the Palm Beaches.
According to an email message from the statewide Florida Realtors group, several local Realtor boards and associations changed their Multiple Listing Service provider last month, which has created technical issues in running the statistics.
The reports typically include the volume of sales for single-family homes and townhomes, as well as the median price, percent of cash transactions and the number of days homes are on the market before sale.
It’s unclear when the reports will be available, said Florida Realtors spokeswoman Marla Martin.
Earlier this month, The Palm Beach Post reported that the Regional Multiple Listing Service Inc., was dissolved so that individual Realtor groups could handle their own listing services.
The Jupiter-based company, which provided and monitored the computer program used by all Realtors to list homes for sale, was owned jointly by the Realtors Association of the Palm Beaches, the Jupiter, Tequesta, Hobe Sound Association of Realtors and the Realtors Association of St. Lucie.
This entry was posted
on Monday, July 22nd, 2013 at 10:48 am and is filed under Foreclosures, Housing affordability, Real estate bust.
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