XBOX yes there is no doubt about your point. I think that originally most people were conceding the activity to the lower end and I wanted to show that it is not just the lower end that is showing alot of signs of a little rally here. (note in my parlance a rally is an active increase in sales, not median price) I think other areas that are in the 400-700k range are exhibiting alot more sales. I even did an analysis for La Costa Oaks yesterday and that area and LCV are also showing more sales depending on how the pendings end up.
However you are 100% correct that the higher end are still in the tank, especially with respect to inventory.
Once more this is not a post to advocate buying, it is simply a post of what is happening out there based on statistics I am finding,transactions I performed, calls I make for clients and offers I write up. The activity level is something that is crazy but in no way do I see it to be sustainable over the long run unless the government gives money away.
