[AmericaUnited]

Do you understand that if you try to sell Bic pens for $10 each and only sell 1, when normally you would sell 5 cases at lower prices, that is a phony price?

home sales plummeted in 38 states

When sales pick up again to 'normal' levels, that is when you can make a fair assessment of how much prices have fallen/risen.

[Always Right]

When sales pick up again to 'normal' levels, that is when you can make a fair assessment of how much prices have fallen/risen.

Sales are above 'normal' levels. They have just 'plummeted' from the record highs.

[Toddsterpatriot]

Do you understand that if you try to sell Bic pens for $10 each and only sell 1, when normally you would sell 5 cases at lower prices, that is a phony price?

Do you understand that you can't use homes that haven't sold yet when you discuss median sales price?

[Always Right]

When sales pick up again to 'normal' levels, that is when you can make a fair assessment of how much prices have fallen/risen.

Existing home sales are at 6.3 million. The average level is 3.6 million. They have 'plummeted' from the peak of 7.3 million, just to put this in perspective of where we are at.