Amador County Market Updates — Some Thoughts
Posted by John Lockwood on November 21st, 2006
Well, today I found my invoice from the good people at the Amador County Association of Realtors®, and sure enough, I can get into the MLS fine now. The MLS is running using Paragon’s web site interface, the same software the East Bay Association of Realtors® uses, so there wasn’t much of a learning curve.
Before I dive headlong into publishing some statistics about Amador County, let me begin with a general cautionary tale.
The first thing that’s apparent is that overall volume is not that high, compared, let’s say, to Sacramento County. Well, gee, of course that would be true — there are fewer homes and less people. So what? Well, just keep in mind as you read the Amador County data that a smaller sample size generally means less statistical significance. But if four houses sold last month in Ione (for example), there’s no other way to write about the inventory of 57 homes available now than to say there are 14.25 months. It’s no use wishing there were four hundred sold versus 5,700 in inventory. The numbers are what they are, but as the sample size goes down, concepts like “median sale price” become especially difficult to interpret.
Anyway, having made everyone feel less than overconfident about the whole enterprise, let’s forge ahead boldly and undertake it anyway.