Today’s UT has the usual monthly chart of median prices by zip code. Sorry, I can’t find a URL. It seems to me that there is a pattern: compared to last year, the zip codes with median resale prices of $400K and under are down, while resale prices are up in the more expensive zip codes.
The only entire region with a year-on-year gain is North County coastal. La Jolla is up a lot also.
University City and Rancho Bernardo, areas with similar demographics but lower prices, are down.
Of course, changes in median prices are very noisy, and easily skewed by changes in the mix of properties sold.
Does anyone have a link to the data? Opinions on whether the pattern explained above is real? Its causes?
For reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
For reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
For reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
For reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
For reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
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