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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (21246)6/3/2004 11:56:16 AM
From: TraderCRead Replies (1) of 306849
 
I think the problem that Lizzie is having is that all the available housing statistics do not give a complete picture of the marketplace. Simple averages and medians are unable to capture all the dynamics in the marketplace. Sales activities over a wide span of time and space are compressed into a couple of numbers.

It is possible to use more sophisticated statistics to better describe RE activities. However, for most realtors, buyers and sellers, mathematics is a challenging subject. So we are stuck with using averages and medians to understand the RE market.

Averages and medians are not perfect. But they are understandable for most people.
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