[quote=limkotir][quote=an]I can’t believe we’re talking about $1m+ as a median in MM.[/quote]
I think the listing data is left skewed distribution due to what’s being listed, and the sample size is tiny, but if we looked at SFH for the last 50 sales, I think we may be still be under that $1m median midpoint magical mark, but it won’t hold much longer if the current trend keeps up.[/quote]
Yes that is exactly the factors I was referencing on the skew. With only 4 houses of which two are high end for MM the high current median reflects that.
I know you are a datahound also so I ran closed sales over the last 60 days for 92126. There were 47closed sales with a median list price of $925. The median closed sale price is $1.02M so we are already legitmately over $1M.
If I add 92121 we gain 6 more sales and median sales price goes to $1.03M.
