carlislematthew – I don’t know why the median is reported year over year, and GDP is reported quarter over quarter, many government data is reported monthly. Oil prices are reported daily or hourly. The median peaked in November, but people not following real estate, had no idea.

SD Realtor – why doesn’t the NAR report months inventory, pending sales (because they reflect currect conditions) instead of the median which reflects offers made many months before? It seems that reporting monthly median changes would be helpful to the NAR mission of promoting RE buying, as prices are rising. Why didn’t they adopt that method during this last cycle? What kind of rapport do most realtors have with the NAR or CAR? Last question – what are you waiting for to buy a house again? BTW – you are one of my favorite realtors: ethical, honest, hard working, very nice, smart, funny. You’ve figured out this market, and you are here to teach us about it. You’re really great!