Saturday, March 8, 2008

A February Beatdown For The Size-adjusted Median

Both median-based price indicators were thoroughly abused last month. Between January and February, the size-adjusted median price declined 5.7 percent for single family homes and 7.7 percent for condos. That&039;s in one month, friends. Brutal. (The vanilla median was even worse, fwiw, which isn&039;t much). So much for that burgeoning spring rally.I wrote a little more on last month&039;s action over at voiceofsandiego.org and I will try to put up some more chart[...]

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[Source: The Money Blogs]

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