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To those who say we hit the bottom in 2009
invite response
2010 Dec 19, 5:14am 2,815 views 7 comments
Comments 1 - 7 of 7 Search these comments
bubblesitter
2010 Dec 19, 9:47am
Let's see if investors can catch up with the increase in number of high end distressed properties. Low end is out of equation at this point.
inflection point
2010 Dec 19, 9:50am
We will have to see what the longer term affect of foreclosuregate will have on prices.
Bap33
2010 Dec 19, 12:13pm
Median moved up (in my opinion) only because a large portion of the sub-prime LIAR-BUYERS were done going REO by then
This plot would be better if we could add lines for upper quartile and lower quartile (Like a box plot graphed over time). Then you could see the impact of skewness on the median price.
Boxplot: http://www.netmba.com/statistics/plot/box/
It would help reduce some of the controversy around reported values for median price.
Do we have this data? Patrick?
I have been getting email from a "real-tor" since April 2006 with the "housing inventory snapshot". It has average and median asking prices and days on market for a few counties in the bay area. I go ahead and chart it myself even though there are charts (Redfin, etc.) out there with pretty much the same data.
November 2010 is the bottom so far for 'under $1 million' in San Mateo County. Median was $585,000. The next closest was January 2009, $596,000.
Oh, and days on market peaked in December 2008 (98 days, in the high 80's through April 2009), but it's back to 85 days Nov 2010.
#housing