I don’t know the answer but my thoughts are that the sales volume for lower/middle housing levels is down, while the volume of sales for mid/upper housing levels is up. This will end up raising the median for the county overall.
You know my feelings on macro level stats and announcements. They are useless. Focus on the area you want to buy or sell in. Even within a zip code you can have that happen. I recall a post thread awhile ago where it was pointed out that Poway was holding up well or something like that. When I looked at all of the listings that sold in Poway for that particular month of the year, and compared them to the same period a year before, I found the same phenomenah, that the median was affected by a few high end sales.
Just my thoughts…
I really really really think sales volume is much more important then median pricing.
