Comments on: Pasadena Housing Market Tea Leaves http://up2daterealestate.com/2009/08/21/pasadena-housing-market-tea-leaves/ Your Home Is Our Business Fri, 03 Feb 2012 10:35:45 +0000 hourly 1 By: Doug Willis http://up2daterealestate.com/2009/08/21/pasadena-housing-market-tea-leaves/comment-page-1/#comment-13448 Doug Willis Thu, 17 Dec 2009 23:16:20 +0000 http://www.up2daterealestate.com/?p=3523#comment-13448 Ned, Great to hear from you. Median price analysis is easy to report but doesn't tell much about the homes being sold. There are many variables in real estate to consider before making any snap judgments. Ned,
Great to hear from you. Median price analysis is easy to report but doesn’t tell much about the homes being sold. There are many variables in real estate to consider before making any snap judgments.

]]> By: Ned Carey http://up2daterealestate.com/2009/08/21/pasadena-housing-market-tea-leaves/comment-page-1/#comment-12580 Ned Carey Tue, 24 Nov 2009 17:43:46 +0000 http://www.up2daterealestate.com/?p=3523#comment-12580 >We can look a median home prices all day long which are easily manipulated by the mix of homes being sold, Exactly, I think your idea of price per sq ft is a good one. When it is reported that the median price of homes has gone up, I have often thought, 'Is that because prices are going up or people are buying more big homes?" Another idea, total sales volume. Real estate is the only industry that counts sales as the number of sales. All other industries count the total dollar volume (sales X price. Earlier this year was an excellent example, "Sales" were reportedly up but the average price was still dropping. >We can look a median home prices all day long which are easily manipulated by the mix of homes being sold,

Exactly, I think your idea of price per sq ft is a good one. When it is reported that the median price of homes has gone up, I have often thought, ‘Is that because prices are going up or people are buying more big homes?”

Another idea, total sales volume. Real estate is the only industry that counts sales as the number of sales. All other industries count the total dollar volume (sales X price. Earlier this year was an excellent example, “Sales” were reportedly up but the average price was still dropping.

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