sdrealtor, I don’t recall what you are talking about. The median is a lagging indicator, but it is the best we’ve got to show the pricing direction, albeit 1-2 years after the fact. I do believe in inventory, sales, and thus months inventory as a reliable indicator of the market. DOM is useless too, as it has the potential for abuse.
BTW, you were going to check with some oldtimers about pricing on coastal properties on the last downturn. Did you get any answers yet?
I don’t see that today is a good time to buy. As long as prices are falling, it’s a bad time to buy.
