And with that I'm out. I appreciate the opportunity to post my personal metric on this forum, regardless of its fruitlessness. Although it was fun for a while, this full-time blogging is such a chore! I'll leave that to the professionals. I'll just stick to reading it.
And with that I'm out. I appreciate the opportunity to post my personal metric on this forum, regardless of its fruitlessness. Although it was fun for a while, this full-time blogging is such a chore! I'll leave that to the professionals. I'll just stick to reading it.
Everybody has a theory about the state of our current real estate market and numbers are everywhere. Some may look at the national scene to draw their conclusions. There's a couple of guys on seattlebubble who track the amount of real estate listings on craigslist as their market indicator ( just plain silly).
Oh this is just great stuff--here is a paragraph from Greg's post:
.....real estate agents are just starting to discover that craiglist is giving their properties good exposure. For instance, 6 months ago, I was one of maybe a couple of agents in my office that used craigslist for marketing, now more than 1/2 of the agents use it. Craigslist used to be used mostly by FSBO's, now it's used more by agents. (We're in an agent learning curve) In my mind there is 0 (zero) correlation between the strength or weakness of the market and the amount of listings that appear on marketing vehicle like craigslist.
I'm sorry, but this is just too funny. First, he dismisses the use of Craigslist for getting a pulse on what is really going on, and then admits that Realtors are now starting to spam that very same Craigslist with listings (what, the MLS not good enough any more?).
Personally, I think that using CL is a great way to figure out what is going on. Say there is a scarcity of, um, let's say pink ponies. You're going to see lots of 'wanted' ads for those. What about a total glut? You'll see plenty of them in the 'free' category then. Sure it's unscientific! But I think what really chaps their hide about CL is that it is a great way of bypassing their business model for FSBOs out there, as he readily admits.
This ticks me off (realtors spamming CL), as it's just like the car dealers have done on there, or people spamming Ebay listings with dozens of identical items made in China and drop-shipped from a warehouse somewhere.
Oh this is just great stuff--here is a paragraph from Greg's post:
.....real estate agents are just starting to discover that craiglist is giving their properties good exposure. For instance, 6 months ago, I was one of maybe a couple of agents in my office that used craigslist for marketing, now more than 1/2 of the agents use it. Craigslist used to be used mostly by FSBO's, now it's used more by agents. (We're in an agent learning curve) In my mind there is 0 (zero) correlation between the strength or weakness of the market and the amount of listings that appear on marketing vehicle like craigslist.
I'm sorry, but this is just too funny. First, he dismisses the use of Craigslist for getting a pulse on what is really going on, and then admits that Realtors are now starting to spam that very same Craigslist with listings (what, the MLS not good enough any more?).
Personally, I think that using CL is a great way to figure out what is going on. Say there is a scarcity of, um, let's say pink ponies. You're going to see lots of 'wanted' ads for those. What about a total glut? You'll see plenty of them in the 'free' category then. Sure it's unscientific! But I think what really chaps their hide about CL is that it is a great way of bypassing their business model for FSBOs out there, as he readily admits.
This ticks me off (realtors spamming CL), as it's just like the car dealers have done on there, or people spamming Ebay listings with dozens of identical items made in China and drop-shipped from a warehouse somewhere.
So for only $15,000 (3% on a $500,000 home), I can have a real estate agent put up an add on craigslist? That's a great deal. It must cost nearly $20,000 if I do it myself! (actual retail price of FSBO on craigslist is $0).
fruitless? pointless? Dude...look at the view count. Sure...it's not an exact science by any means and it sure is interesting. I use CL to follow the downtown condo glut but it's hard as many listings overlap yet not all can be found with just a couple searches. There's something in that data...what?...dunno...but I'm just as addicted to clicking on your thread as you are dishing out the stats
It's interesting that the CL numbers have not declined with the typical seasonality that one would expect. Any hypotheses?
Yes--Craigslist is free and listings expire in one week. Most Realtors realize that the Nov-Jan period is the low time of the year sales-wise and advise their customers accordingly, so they allow listings to expire during this period and don't relist until the spring (and now are being advised by industry experts to KEEP houses off of the market :? ). There is no reason not to continue advertising on CL year-round, espececially if you're a cash-strapped homedebter who is trying to avoid paying one cent of a realtor's commission.
Comments
not sure what we're to take away from it, but at least you put some context on the seattle bubble equivalent of a filibuster.
Thank you esteemed Bubble Bloviators!
just when you'd gotten famous!
http://blog.seattlepi.nwsource.com/real ... 123763.asp
Keep them coming, dgeng265.
Oh this is just great stuff--here is a paragraph from Greg's post:
I'm sorry, but this is just too funny. First, he dismisses the use of Craigslist for getting a pulse on what is really going on, and then admits that Realtors are now starting to spam that very same Craigslist with listings (what, the MLS not good enough any more?).
Personally, I think that using CL is a great way to figure out what is going on. Say there is a scarcity of, um, let's say pink ponies. You're going to see lots of 'wanted' ads for those. What about a total glut? You'll see plenty of them in the 'free' category then. Sure it's unscientific! But I think what really chaps their hide about CL is that it is a great way of bypassing their business model for FSBOs out there, as he readily admits.
This ticks me off (realtors spamming CL), as it's just like the car dealers have done on there, or people spamming Ebay listings with dozens of identical items made in China and drop-shipped from a warehouse somewhere.
So for only $15,000 (3% on a $500,000 home), I can have a real estate agent put up an add on craigslist? That's a great deal. It must cost nearly $20,000 if I do it myself! (actual retail price of FSBO on craigslist is $0).
I'm addicted to this blog thing...