Wednesday, February 15, 2006

You Would Think This is News Worthy

Given that West Bay RE made statements such as:
"sales were off 28% from December and 24% from January 2005. This is the third lowest number of sales in any one month since we've been keeping records: January 1998"
and
"The median price of single-family homes in Marin County also took a nose-dive in January, falling 8.6% from December to $877,500, and, gasp, down 5.7% from January 2005. This is the first year-over-year drop since June 2003. Also, it's the first time the median price has been below $900,000 since December 2004"
you would think that this would be front page news over at the Marin IJ. Yet, as far as I have seen there has been no mention of these facts. Granted, I don't subscribe to the IJ and rely on what I can find on their web site. And to be fair, December to February tends to be a chaotic time for the RE market so maybe the IJ thinks that's all it is and so not news worthy. Does anyone know if the IJ has reported on these market results? Or are they going to pretend that they never happened?

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