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Bob.
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May 20, 2009 at 4:40 PM #15733May 20, 2009 at 5:24 PM #403296
patientrenter
ParticipantMedian 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.
May 20, 2009 at 5:24 PM #403551patientrenter
ParticipantMedian 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.
May 20, 2009 at 5:24 PM #403996patientrenter
ParticipantMedian 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.
May 20, 2009 at 5:24 PM #403788patientrenter
ParticipantMedian 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.
May 20, 2009 at 5:24 PM #403848patientrenter
ParticipantMedian 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.
May 20, 2009 at 5:28 PM #403307PadreBrian
Participant^^^^^^
what he said.But given that, yeah, the trend is down.
May 20, 2009 at 5:28 PM #404006PadreBrian
Participant^^^^^^
what he said.But given that, yeah, the trend is down.
May 20, 2009 at 5:28 PM #403561PadreBrian
Participant^^^^^^
what he said.But given that, yeah, the trend is down.
May 20, 2009 at 5:28 PM #403798PadreBrian
Participant^^^^^^
what he said.But given that, yeah, the trend is down.
May 20, 2009 at 5:28 PM #403856PadreBrian
Participant^^^^^^
what he said.But given that, yeah, the trend is down.
May 20, 2009 at 6:57 PM #404046Bob
Participant[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.
May 20, 2009 at 6:57 PM #403897Bob
Participant[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.
May 20, 2009 at 6:57 PM #403839Bob
Participant[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.
May 20, 2009 at 6:57 PM #403600Bob
Participant[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.
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