Median price stats are blunt statistical instruments so it would be interesting to get inside those numbers.
Is that rise in median sales price due to demand that pushed all housing (low priced, medium and high priced/luxury homes) up by an amount similar to the median rise? In other words, did all the boats rise equally percentage-wise?
Or is that most of the rise due mainly to sales of higher priced/luxury homes? (Not all boats rose).
Is that rise in median sales price due to demand that pushed all housing (low priced, medium and high priced/luxury homes) up by an amount similar to the median rise? In other words, did all the boats rise equally percentage-wise?
Or is that most of the rise due mainly to sales of higher priced/luxury homes? (Not all boats rose).
All boats (housing costs) rose because people are fleeing the craziness in other parts of the country. Most don't leave it behind, they bring the very thing (attitudes, behavior) they are trying to escape *from*.
The median by definition is the mid point. Doesn’t really tell much one way or the other. Just that half are above and half are below.
Certainly your questions are right on.