The median has been going up because nobody is buying the “starter homes.” The rich can always afford to buy. The sale of a couple of one million dollar homes makes it seem as if the median price has gone up.
I you examine what is going on, houses 500k and less are not selling. Above that, they are. What we have is a market top, the data implys that the market is going up, but what it shows, is that the bottom has fallen out of the market.
