“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”:
I don’t know if this is why, but I read recently that the median went up because less people are able to buy starter homes. I thought it was strange too, especially since house prices(asking prices) in my area are falling. Before January ’07, there was nothing on the market below 400k, now there are 15 and climbing. Two are actually asking 299k for sfr……….ttfn
