Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Is MLS Supply Data Meaningless by Itself?
Is MLS Supply Data Meaningless by Itself?  In order to measure the total housing supply available (for sale) it is essential to know how many new homes are available for sale that are not listed on MLS, and yet when the real estate industry issues reports more often than not this vitally important part of the equation is missing. 
The new homes for sale figure can move as quickly up or down, leading or lagging MLS trends, and will of course often go counter to MLS numbers.  These are significant variable factors that cannot be ignored.
I believe the fluctuation of this big chunk of missing data renders most of the MLS analysis and commentary, at least when MLS is reported alone, as meaningless for the public.
Here is an excerpt pertaining to MLS data from an article here: http://www.newlocalhome.com/editions/nlhr100722
While the number of newly listed homes on the Canadian MLS declined by 6.8 per cent in June compared to the previous month, a declining trend in new listings “will help maintain the balance between supply and demand, and temper home price volatility,” says the CREA.
The national average price of homes rose 4.9 per cent across the country, on ... more

__________________________________________________
Are you on The Rain? Grow Your Network!