jg – Just curious but on your chart, I assume each dot is a data point that represents the median price for a particular month correct? I am not disparaging anyone here but I am trying to understand the chart better. For instance I took the simple average of the sales for 92037 resale homes from 4/1/07 – 5/1/07 and my average came out to 2.217 million for the 31 detached homes that were sold. Now I didn’t use condos, just detached homes.
Anyways like I said, I am just trying to better understand the data you presented.