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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Moominoid who wrote (77906)5/20/2007 9:05:33 PM
From: Lizzie TudorRead Replies (2) of 306849
 
yeah but I don't know what a "median asking price" chart really means. I can see why somebody would come up with it because the median SALES price starts to become exception driven when sales volumes fall as they are doing right now in CA.

Still, the fact is the "median asking price" is not reflective of anything. Median sales price is, and it is going up.

If you recall I thought N Ca real estate was falling in the beginning of this decade where others like gpowell and some others who post here thought it was going up. But after about 04, when Google IPOd, we had an inflection point and are climbing again, thats my view. When the median price declines here then I will say prices are declining. But I want the actual numbers to tell me that.
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