Decoding Real Estate Statistics

Real estate statistics—such as auction clearance rates, median prices, and days on market—can often seem inconsistent across different sources. This variation occurs due to differences in data collection methods, regional influences, and market fluctuations. For example, auction clearance rates reported by REA, Domain, and REIV frequently differ because each organization tracks auctions differently, with variations in timing and included sales data.

These discrepancies can create confusion for buyers trying to gauge market conditions. While statistics provide a general sense of trends, they don’t always reflect hyper-local conditions or off-market transactions. Misinterpretation of these figures can lead to buyers making poorly informed decisions, whether by overestimating demand or missing out on opportunities due to misleading data.

This is where a buyer’s advocate proves invaluable. With in-depth market knowledge and access to both public and off-market data, they help buyers interpret statistics in context, negotiate effectively, and secure properties at the right price. Instead of relying on broad or conflicting figures, a buyer’s advocate provides tailored insights that align with an individual’s property goals, ensuring a more strategic and informed purchase.