Bay Area homes

Median Price Methodology Examined

By |January 11th, 2008|

Median Price Methodology:
The methodology of reporting median home prices varies depending on the source. The MLS uses the aggregate method of calculating the median based on the preceding twelve month sales. We discuss why in a changing market this system is flawed at best.
Standard & Poor’s methodology is perhaps the most accurate, but it relies […]

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Lies,Damned Lies, and then there are Statistics…

By |December 8th, 2007|

The article titled "California’s October home sales slide 40%" reported by Inman News today evokes thoughts of Mark Twain’s famous saying there are "Lies, damned lies, and statistics".

Though the number of homes which sold is easily tracked, calculating the true median home price is a little more elusive. The size of homes which sell in […]

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