We’re at 10 months supply, and the prices are continuing to drop, according to the realtors I talk with. The median is useless. I wish the reporters would explain the limitation of the median every time they mention it. Bob Casagrand didn’t even put the median in his last report, because it’s a useless number. The only thing that matters, he says, is months supply. Anything over 8 means prices are falling.
