Data Quick: Southern California median sale price DROPS in April

[Bob]

One would have thought that April numbers would have shown an increase in the median price, but according to Data Quick, there was a drop in the median price for April, after three months of stability.

May 19, 2009

http://www.dqnews.com/

La Jolla, CA—After holding steady the first three months of this year, the median sale price fell slightly from March – a reminder of how delicate any short-term price stability could prove amid ongoing job cuts and foreclosures, a real estate information service reported.

[patientrenter]

Median prices are not a good indicator of price levels. We’ve had this discussion many times before, Bob.

Case Shiller indexes, average/median price per square foot per zip code, etc are better indicators. Our own esmith created a case shiller type index by zip code, and for groups of zip codes, I believe.

Anyway, the median price is more of an indication of how many transactions are occurring in the lower end tier of the market versus the upper end. Clearly the lower end is a lot more active right now, dragging the median price down more than the price of the typical home has come down.

[patientrenter]

Median prices are not a good indicator of price levels. We’ve had this discussion many times before, Bob.

Case Shiller indexes, average/median price per square foot per zip code, etc are better indicators. Our own esmith created a case shiller type index by zip code, and for groups of zip codes, I believe.

Anyway, the median price is more of an indication of how many transactions are occurring in the lower end tier of the market versus the upper end. Clearly the lower end is a lot more active right now, dragging the median price down more than the price of the typical home has come down.

[patientrenter]

Median prices are not a good indicator of price levels. We’ve had this discussion many times before, Bob.

Case Shiller indexes, average/median price per square foot per zip code, etc are better indicators. Our own esmith created a case shiller type index by zip code, and for groups of zip codes, I believe.

Anyway, the median price is more of an indication of how many transactions are occurring in the lower end tier of the market versus the upper end. Clearly the lower end is a lot more active right now, dragging the median price down more than the price of the typical home has come down.

[patientrenter]

Median prices are not a good indicator of price levels. We’ve had this discussion many times before, Bob.

Case Shiller indexes, average/median price per square foot per zip code, etc are better indicators. Our own esmith created a case shiller type index by zip code, and for groups of zip codes, I believe.

Anyway, the median price is more of an indication of how many transactions are occurring in the lower end tier of the market versus the upper end. Clearly the lower end is a lot more active right now, dragging the median price down more than the price of the typical home has come down.

[patientrenter]

Median prices are not a good indicator of price levels. We’ve had this discussion many times before, Bob.

Case Shiller indexes, average/median price per square foot per zip code, etc are better indicators. Our own esmith created a case shiller type index by zip code, and for groups of zip codes, I believe.

Anyway, the median price is more of an indication of how many transactions are occurring in the lower end tier of the market versus the upper end. Clearly the lower end is a lot more active right now, dragging the median price down more than the price of the typical home has come down.

[PadreBrian]

^^^^^^
what he said.

But given that, yeah, the trend is down.

[PadreBrian]

^^^^^^
what he said.

But given that, yeah, the trend is down.

[PadreBrian]

^^^^^^
what he said.

But given that, yeah, the trend is down.

[PadreBrian]

^^^^^^
what he said.

But given that, yeah, the trend is down.

[PadreBrian]

^^^^^^
what he said.

But given that, yeah, the trend is down.

[Bob]

[quote=PadreBrian]But given that, yeah, the trend is down.[/quote]

This is just one form of data, but as PadreBrian stated, the trend is down, which makes it newsworthy. What is equally important from Data Quick is the fact that in the mid/upper ranges, sales continue to be very weak.

[Bob]

[quote=PadreBrian]But given that, yeah, the trend is down.[/quote]

This is just one form of data, but as PadreBrian stated, the trend is down, which makes it newsworthy. What is equally important from Data Quick is the fact that in the mid/upper ranges, sales continue to be very weak.

[Bob]

[quote=PadreBrian]But given that, yeah, the trend is down.[/quote]

This is just one form of data, but as PadreBrian stated, the trend is down, which makes it newsworthy. What is equally important from Data Quick is the fact that in the mid/upper ranges, sales continue to be very weak.

[Bob]

[quote=PadreBrian]But given that, yeah, the trend is down.[/quote]

This is just one form of data, but as PadreBrian stated, the trend is down, which makes it newsworthy. What is equally important from Data Quick is the fact that in the mid/upper ranges, sales continue to be very weak.

[Author]

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