[Eva]

The article in a paper that I read over the week-end said that although there were fewer sales that prices had not dropped. A lower median sales price does not indicate falling prices. It simple means that the difference between the lowest and the highest prices was slightly lower. It's basicly a meaningless statistic.

By the way, for anyone who doesn't already already know, stay away from PNC. They're really bad news.

[Always Right]

The article in a paper that I read over the week-end said that although there were fewer sales that prices had not dropped. A lower median sales price does not indicate falling prices. It simple means that the difference between the lowest and the highest prices was slightly lower. It's basicly a meaningless statistic.

Median price is the price where half the homes sold for more and half of the homes that sold went for less. It is probably the best statistic to tell you were the market is going.

[Toddsterpatriot]

It simple means that the difference between the lowest and the highest prices was slightly lower.

Median is the house in the middle, half sold for more, half for less.