Ok, I musta got confused cause this got crossed in my mind.
“Escrows closed on 522 homes in March, the largest number since August 2006, according to monthly totals from the region’s most widely used real estate listing service. The number rose by double digits from year-ago levels in January, and again in February and in March.”
From the same article, just farther down……..
“Separately, DataQuick Information Systems, a research firm, reported that 2,690 new and existing homes sold last month across Riverside County as a whole, down 27 percent from March 2007. The countywide median price, the point where half the homes sell for more and half sell for less, fell to $306,000 from $420,000, DataQuick reported.
WTF? So sales are UP double digits over 2007 in both January, Feburary and March but they are also down 27% in March according to DataQuick? What is that, a 37%+ margin of difference?
So, either they are breaking it down in a “northern” Riverside county vs “southern” Riverside county, and the Northern part is taking it in the pants, or they are not counting condos in the first one but are in the second and they are the ones taking it in the pants. Or some fuzzy math is going on here.
