This is very true, median price is what people are paying for the homes. People tend to have a tight price range of how much they want to spend on a home, especially move up buyers. With this in mind, even if price fall people will still buy that 500k house if they set out to buy a 500k house, except now, they can probably get more house for 500k than a year ago. Which is why the median price is still ticking upward ever so slightly.
