Again, guys, the median is a pretty useless indicator….it is simply the home at the midpoint of all sales.
The next lowest priced home below the median could have been at 400K dollars, but the median would have still been “up” year over year.
Also, someone else posted about this year’s 700K house will buy you last year’s 850K house, which appears to be tru….folks this median sh*t is all smoke and mirrors….just look at the houses you are interested in and see what they do over coming months and years. I think you’ll see ’em sliding back down quickly, especially once easy credit is removed.
