The mix has changed. Instead of heavy buying in East and South County, the buying is much slower and a larger percentage of it is in North County Coastal and Inland.
Thus the median goes up when measured area wide. The NAR also provided a solution in their statement the other day where they admitted that the condo and entry level market is virtually no existant.
Hence, if before, the market was one entry, one middle-class and one upper middle class and now it’s just one middle-class and one upper middle class, the medium moves up, even if each home get’s less.
