| Trend | 05/26/2008 | 1 month | 3 month | 6 month | 12 month |
| Median Price | $285,000 | -4.7% | -12.8% | -20.8% | -30.3% |
| Inventory | 47,187 | -2.2% | -5.0% | -12.0% | -6.4% |
| Date | Inventory (SFH + Condo) | 25th Percentile | 50th Percentile (Median) | 75th Percentile |
| 05/26/2008 | 47,187 | $200,000 | $285,000 | $399,000 |
| 05/19/2008 | 46,779 | $208,900 | $289,000 | $399,900 |
| 05/12/2008 | 47,403 | $210,000 | $292,500 | $402,500 |
| 05/05/2008 | 47,960 | $215,000 | $299,000 | $410,000 |
4 comments:
Dum Question
What is the difference between the median asking price and the 75 percentile?
What is this based on the highest priced homes to the lowest?
What is the cut offs?
Take a list of numbers, lets say 1 to 100.
The median is 50
the 75 percentile is 75
It's that simple. The median asking price of those 47,187 homes is home # 23,594 and the 75th percentile is home # 35,390
Have you noticed homes in Corona that are under $300K are going pretty fast? I put in two offers this week at the asking price and got out-bid on both. I didn't think they were super deals at about $160 sq ft, and REOs at that. Is this a sign of the housing bust beginning to recover, or just a result of the usual spring time increase in sales?
it's not a sign of recovery. It's a sign that everyone is after the same few homes. The prices are still plummeting. Every graph, every chart and every organization is showing price declines, increasing foreclosures and in most areas declining sales. Prices are not going any where but down until the inventory and the foreclosures start to decline. Most "experts" are now predicting prices won't stabilize until 2010. Of course the NAR are saying late this year but there is a better chance of me winning the US Open.
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