Friday, July 3, 2009

Computer Glitch Inflated MLS Home Sales Data

In California a "computer glitch" resulted in sales being inaccurately reported. From the WSJ:

The California Realtors have reported that San Diego sales in April were up about 63% from a year earlier. Mr. Kleinhenz said that is expected to be revised downward to a gain of about 20%.

For May, the group reported an 89% increase in sales in San Diego; that will be slashed to about 6.5%, the economist said.

That's quite a glitch. Read more here.

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