Median Sales Prices Rising

Look at the difference between the Year-over-Year comparisons and the recent trends.

The New York Times reports:

Values are dropping as well, which is cutting into many homeowners’ equity lines. The median price of a previously owned home in June was $215,100, down 6.1 percent from a year previous.

But look at the graph they printed on the same article:

image

Does it look like values are dropping to you? Funny, to me, it looks like values bottomed in February, and that they’ve risen in April, May, and even more (3.5%) in June.

It boggles the mind that the Times can print such misleading assessments in the face of such clear data.

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2 Responses to Median Sales Prices Rising

  1. mike dempsey says:

    up 3.5 % since febuary! what!!! down 20% at panorama towers since febuary and still going down.

  2. frothingdeveloper says:

    Mike,

    The chart shows values for homes across the nation. Projects like Panorama, where prices started off considerably higher than what a normal market could bear are not going to necessarily track with the national real estate market as a whole.

    -Frothing Mark

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