That’s a possibility but I don’t think that’s what happening. I’ve been tracking houses around this price range (400k-600k) for over a year now. Listing price this year is at least 5-10% less than last years. Also, the sp/lp ratio is much lower this year than last year as well. That’s why I couldn’t figure out why the median/average price is moving up although my data is saying otherwise. After I read his analysis, it makes perfect sense.
