jg, since median prices lag by 1-2 years, and tell us about the mix of homes sold, rather than the value of each individual home, the monthly changes in median price could simply mean that more condos sold in one month, or that San Ysidro had more/fewer sales than Del Mar. So that leads to two questions: First, is there a measurement we could use in lieu of median price, such as Rich’s median price/sq ft? Second, if we are stuck with median price, how important is that as in indicator due to the problems inherent in it? While median jumps up and down,the price of each individual house does not. So perhaps tracking the leading indicators is more important than tracking price.
