The Residential Real Estate Crash Index Message Board

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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 3:57:37 PM
From: Lizzie Tudor	Read Replies (2) of 306849

My point has nothing to do with median and mean. The point is that whatever statistics are available to show the true characteristics of a market should be used by the industry to represent said market and that is not the face that the RE industry presents at least around here. Maybe total volume of sales for each region from 2000 vs. today, broken out by city, as well as the median and mean would be meaningful. Obviously median alone is meaningless, why even report it? If we had a situation were mean was going up and median was falling, would the RE press publish the mean and leave off median (seems like it). Anybody who lives here can easily see this market is not a 2000 market, and yet papers report it as if it is. Obviously the LA area is strong but not here. San Rafael is also not a part of the SV region. The bottom line is this, houses were flying in 99/00 at anywhere up to $5million. Now that is not the case. Most with expensive homes are locked in now- I know this because that is my situation as well as virtually all of my friends. Whatever is happening in LA is not happening here.

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