How it possible that the overall median price for resale homes is up 1.7% ($565K vs. $555.5K) when every single constituent area is down significantly:
It’s not possible. The problem is the UT’s table is screwed up. Note the zone-specific 2006 vs. 2007 medians and then the listed percentage. They’re completely messed up.
Central San Diego resale SFR’s are listed as -5.8% yoy. It should be +5.8%.
East county is listed as a 9.6% drop when it’s actually a 0.96% drop.
And so on…
Whether online or in print, you’d think somebody might review this before it gets published.
