[quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]
Only if more high-priced homes sold as a result of the reduced high end prices. (This is the Jim the Realtor thesis as I understand it).
Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:
