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All data is incorrect! Same as any other data, if you have the raw data, you can compare it to a previous sample and view a difference work out some trends, BUT you need to be able to compare the raw data that has been gathered in the same way so it has the same mistakes / issues, once you try...

My take on it .. scare the sellers, reduce their price expectation to give the REA a better chance of getting sellers to reduce prices to meet the purchasers reduced spending, they had heaps of listings which where not moving, to move the listings they need to drop the price to market levels...

Agree, with a note that good agents do want to maximise the sell price. Just remember NOT the list price, we are talking SELL price. Agree, your making some good points here. Disagree, they need listings at reasonable prices, no point have everything 15% above market price they will never sell...

No hallucination here, the ABS is about the only group that gathers data and publishes the stats without twisting it to backup the point of view they wish to push. Every article, report, news story, blog entry, etc needs to be read with the writers agenda in mind. :eek: Our job is to filter...

It's always good to have people with completely different perspective to your own. Very few of us are blessed or cursed with being able to view something from 3 or more different perspectives. What info are you baseing this comment on? The agents I know have heaps of listings, vendors don't want...