SFH Average is DOWN 2.3% YOY. Median is up a tiny 1.2% and yet benchmark is UP a huge 3.4%!
That combination must lay at the outer reaches of statistical likelihood.
Apartments are DOWN for BOTH median and average and yet UP for benchmark YOY.
It really does not make sense to me. I think I am going to ignore the Real estate board generated HPIs and Benchmarks and concentrate on medians and averages from now on to gauge the market.
More sales than last year but median and average prices took a beating. However the sample is small and can't read too much into it. MOI running around 15. Actually higher volume with lower prices would be better for everyone except speculators.
Things you don't see at market bottoms, 23-Jun-2017 edition - It is said that while bottoms are events, but tops are processes. Translated, markets bottom out when panic sets in, and therefore they can be more easily ...
15 hours ago