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A Statistical Anomaly??

By Peter Olson, Esq.

Did anyone take a close look at the new home sales released Monday? Yeah they dropped 26.4% year over year, no surprise there. But if you look region by region here's the breakdown:

The drop, which marked the worst sales year on record, represented weakness in every part of the country except the Northeast, where sales posted a 1.6 percent advance. Sales declined by 32.2 percent in the West, 26.7 percent in the Midwest and 26.3 percent in the South.

I don't have any particular knowledge about those numbers just found it staggering that 3 regions dropped by over 25% and then 1 region actually increased.

Full post as published by Closing Real Estate in Chicago on January 29, 2008 (boomark / email).