Mingling of MLS stats creates 'phantom' real estate boom

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The Central Michigan Association of Realtors accidentally merged sales figures from two other real estate boards into its own stats and reported them to the Michigan Association of Realtors, making “it appear central Michigan was in the midst of a real estate boom,” when the figures were released, the Mount Pleasant Morning Sun reports.

The Morning Sun said CMAR members sold 528 homes in the first half of the year, not the 1,497 reported July 23 by the Michigan Association of Realtors. CMAR said the mistake stemmed from the creation of a new regional MLS in March, Northern Great Lakes MLS, which combines listings from CMAR, the Traverse Area Association of Realtors and the Northeastern Michigan Board of Realtors.

Source: themorningsun.com.