Sale date

{
  "id": "MLC-T-ECS-001712",
  "term": "Sale date",
  "field": "Economic statistics",
  "term_source": "Sale Date",
  "definition": "Date when a deposit was made or a sales agreement was signed. If a builder is in the middle of negotiations for a sale or has a verbal agreement with a purchaser, the house is not considered to be sold. A deposit can be considered good faith money, earnest money, or bond money. A deposit to reserve a lot is not considered a deposit on the house.\n\nFor time-share houses, the structure is considered sold when a deposit is taken or an agreement is signed for the first share of time.\n\nOnce a sale date is reported, the sale date is not requested again, so any canceled sales will not change this reported initial sale date.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/sale-date/"
}