The MLS is Never Wrong, Right?
Before we dive into this question, consider that a finished product is only as good as the raw materials used in its creation. Likewise, a statistical report is only as good as the raw data used in its analysis. So now, realistically, how good is the data in your MLS?
Well to be honest, it’s probably very good actually. You can rest assured that the overwhelming majority of your MLS data is quite accurate. However, typographical errors can and sometimes do happen which will unfortunately skew a statistical report. The extent of which depends on the severity of the typo.