why some area median sale price is (fakely) up?

Cheap houses are selling now, driving down the median sale price. Expensive houses start selling with lower price, causing an uptick in median sale price.
This effect could create the appearance of a bottom in median sale prices when the expensive houses start selling, even though the market is still heading downwards within each price bracket.

This could also apply to $/sqft.

Conclusion:
median sale price is fakely up. because more sales of expensive (top) houses.

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• I think you are incorrect -caren- ♀ (44 bytes) () 05/08/2009 postreply 18:10:17