Bob told me today that the continued decline in the under-500K buyer is skewing the statistics. Compared to last year, we have a 12% proportional drop in low-end sales, and a 33% proportional increase in high-end sales. How’s that for getting inside the numbers?
Another realtor told me today that in the 90s the median price did not reflect the total price drops, because houses were getting bigger. If you were looking at $/sq ft, the drops were larger than reported by median price data.
