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Amie Chilson's Blog

By Amie Chilson | Broker in San Francisco, CA

A Few Thoughts Regarding Real Estate Statistics

“There are three kinds of lies: lies, damned lies and statistics.”

- Benjamin Disraeli

 Real estate statistics are among the most misused, misquoted and misunderstood “facts” we are bombarded with. The only honest purpose for market statistics is to provide reasonably unbiased information for those trying to make decisions regarding the purchase, sale or ongoing ownership of real estate – typically one of the largest financial investments of one’s life. The problem is that most market analysis is provided by those who want to convince you to do something; those addicted to either unrelenting optimism or constantly impending doom; or those not qualified to interpret the data. Whether delivered by real estate agents, market “pundits”, reporters, bloggers, websites, special algorithms or the guy who lives next door, all these situations lead to improper use of statistics.
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