2^nd Issue of February 2009

Listing vs. Sales Price

This article looks at the relationship pattern between the Median* Listing Price and the Median* Sales Price.

Commentary

The pattern associated with the size of the expectation gap that started appearing when the median sales price flattened out in June 2005 has significance, as does the return to a more normal relationship in late 2007.

*The median price is the price at which 50% of the homes sold had a price greater than this number and 50% had price less than this amount.

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