Shouldn’t have to waste this space to explain again but here goes. My posts refer specifically to SFR resale median figures. Now read very s l o w l y and carefully until you comprehend it. Pay close attention to the last paragraph. Public schools…sheesh!

From SDUT 7/12/06:
Last month’s median home price dropped to $488,000, a 1 percent decline from a year earlier and a 6 percent decrease from last November’s peak of $518,000.
The median is the price at which half of all homes sold for more and half for less.
The median price for single-family homes, which represent a significant share of the housing market, reached $565,000, down slightly from May’s record price of $569,500, but up nearly 2 percent over a year ago June.

Note to PowayS: Overall median price numbers are pulled down by condo conversions. Strip them out and SFR resales are stable.