Again, ignore the headlines.
The numbers that really matters are ytd sales (without a seasonal adjustment) and median sales price. Here, without the glitzy graphics or Census Dept spin, is the unvarnished truth.
US Northeast Midwest South West
2011 v 2010 ytd -7.9% -29.7% -9.7% -4.1% -6.1%
percent change in
June $ 240,200
Sep ’11 v Sep ’10 -10.3%
The high-end market remains in a coma. Sales of homes $750,000 and over have topped 1,000 units per month only twice this year, with homes $400,000 – 750,000 only marginally better.
Briefing.com maintains some great graphs that show what’s really happening.