December Medians

Submitted by Rich Toscano on January 6, 2009 - 5:07pm

I will get a data rodeo going in the next couple of days, but in the meantime here's a chart of size-adjusted median resale prices for December, with accompanying writeup to be found at voiceofsandiego.org:

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Submitted by DWCAP on January 6, 2009 - 5:17pm.

Great article rich. I like the addition of the fact that you had to adjust the scale, it really takes home the message of how increadable a decline like that really is.

Submitted by Fearful on January 6, 2009 - 9:40pm.

A reduction in the median price might be reflecting people expecting that the cheaper foreclosures are the bargains - or merely reflecting the fact that the cheaper houses are the ones people can actually afford.

Submitted by 4plexowner on January 7, 2009 - 6:16am.

Or that the cheaper houses are the only ones a buyer can get a decent loan on

How many people are taking jumbo loans at 7+%?

Submitted by 34f3f3f on January 7, 2009 - 9:32am.

Is is fair to say that the median price for Condos may be a little more accurate since the price range in this category is not so wide?

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