---More than doubled in 9 months, these numbers are very interesting.
But it's not like anybody would be interested in a house in this price range right? I mean, median household income is somewhere around $60,000...so 20% down on a $300,000 house leaves you with a $240,000 mortgage / $60,000 = 4 times annual income.
Oh, I guess this is actually the price range that the median income might be able to afford. At least by any traditional measure of affordability.
Craigslist has undoubtably continually gained in popularity over that time period, hence more are using it to post their listings. It's not the most useful of metrics.
Craigslist has undoubtably continually gained in popularity over that time period, hence more are using it to post their listings. It's not the most useful of metrics.
It also has a varying rate of duplication - some people repost weekly, others daily, others two or three times a day.
I don't know that it's really gained a lot in terms of popularity in the last 6 months. At least not a statistically meaningful amount. CL is pretty well known and established.
The stats could be going up because people are getting more desperate and thus re-listing their house more frequently. It would be cool if there was a reliable way of checking the average time between reposts of the same property.
Craigslist has undoubtably continually gained in popularity over that time period, hence more are using it to post their listings. It's not the most useful of metrics."
---Yea, it tripled in popularity in 8 months, sure.
Discounting the numbers doesn't change them, these numbers correlate pretty well with the inventory numbers that Tim is holding on the front page. Take a look sometime.
---Yea, it tripled in popularity in 8 months, sure.
Discounting the numbers doesn't change them, these numbers correlate pretty well with the inventory numbers that Tim is holding on the front page. Take a look sometime.
I don't completely discount them, but if you have a 200% increase in listings, is that completely meaningful? If CL gained 20% more users and desperation has caused a 25% increase in the repost rate, then your 200% is more like 100%. There needs to be a control case as Alan said.
The KC inventory numbers have controls - houses have a single listing and the user base is all MLS entries. That the two track could be meaningful, or it could be an fluke of numbers. It is interesting to watch, regardless.
Comments
547 listings
:roll:
Let's break 600 by the end of the week!
02/11/2008: 585 listings
---More than doubled in 9 months, these numbers are very interesting.
But it's not like anybody would be interested in a house in this price range right? I mean, median household income is somewhere around $60,000...so 20% down on a $300,000 house leaves you with a $240,000 mortgage / $60,000 = 4 times annual income.
Oh, I guess this is actually the price range that the median income might be able to afford. At least by any traditional measure of affordability.
02/11/2008 - 11:43 AM PST - 631 listings
Sort of yes, sort of no.
Craigslist has undoubtably continually gained in popularity over that time period, hence more are using it to post their listings. It's not the most useful of metrics.
It also has a varying rate of duplication - some people repost weekly, others daily, others two or three times a day.
I don't know that it's really gained a lot in terms of popularity in the last 6 months. At least not a statistically meaningful amount. CL is pretty well known and established.
Craigslist has undoubtably continually gained in popularity over that time period, hence more are using it to post their listings. It's not the most useful of metrics."
---Yea, it tripled in popularity in 8 months, sure.
Discounting the numbers doesn't change them, these numbers correlate pretty well with the inventory numbers that Tim is holding on the front page. Take a look sometime.
I don't completely discount them, but if you have a 200% increase in listings, is that completely meaningful? If CL gained 20% more users and desperation has caused a 25% increase in the repost rate, then your 200% is more like 100%. There needs to be a control case as Alan said.
The KC inventory numbers have controls - houses have a single listing and the user base is all MLS entries. That the two track could be meaningful, or it could be an fluke of numbers. It is interesting to watch, regardless.