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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (1445)	3/9/2001 7:20:00 PM
From: GraceZ	Read Replies (2) \| Respond to of 24758

I thought it odd when the numbers first came out that the market seemed to crater, yet the median home price rose some ridiculous amount. This discrepancy sparked a debate between me and AH here about whether the median statistic was skewed. My hairball idea was that perhaps they take the median home price only from sales and houses on the market rather than the whole universe of existing homes. If only higher priced homes were selling well because the buyers are somehow less sensitive to price rises than the median would be skewed higher because it was based on a smaller sample of homes sold. I still don't know what the median home price is taken from, sales or all homes. It makes far more sense to me to have prices rising when homes sales are also rising. I heard CNBC mention it this morning that it was a software glitch that caused the number to be incorrect.