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:


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.

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:


    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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s