RBI has a new system for statistical reporting. Beginning with the release of 2011 statistics, all data, including historical figures, are generated by these improved methodologies.
Why did we do this?
1. New data points - New information, such as Total Pendings, is now available. Also, the data can be analyzed by characteristics of the listing, such as sales by bank mediated status.
2. More accurate data - Some methods for calculations on prior reports were based upon flawed assumptions. These calculations are now more accurate, such as the count of Active Listings.
3. Provide new reporting - Previously, reports were limited in the data and the time frames available. For example, Zip Code reports were not available prior to 2006. In the future, we will be able to provide new reports on geographies such as city, neighborhood or election district.