A February Beatdown for the Size-Adjusted Median

Both median-based price indicators were thoroughly abused last month. Between January and February, the size-adjusted median price declined 5.7 percent for single family homes and 7.7 percent for condos. That’s in one month, friends. Brutal. (The vanilla median was even worse, fwiw, which isn’t much).

So much for that burgeoning spring rally.

I wrote a little more on last month’s action over at voiceofsandiego.org and I will try to put up some more charts here in the next couple days…