Sunday, September 11, 2005

US Median Price of Houses Sold

I found this graph on this site which seems to corroborate the previous post (I'm slow, I've been spending more time reading what's been going on with Katrina).


marine_explorer said...

Interesting graph. I noticed the curve during the bubble looks smoother than those I've seen for California markets. Is that because cooler markets are averaged in?

Btw, have you noticed a surge in "for sale" signs in Marin? This weekend, there was a dramatic increase in San Anselmo/Fairfax--and just over the previous few weeks.

Marinite said...

Yes I have noticed the increase. Yesterday, Sunday, I drove up all of Novato Blvd on my way to Pt. Reyes for some beach action with my daughter. I counted 48 for sale signs. I've never seen anything like that before.

Last Friday I went to visit a friend of mine who lives up the mountain and counted 15 for sale signs which is also a record that I feel confident about because I drive that route almost every Friday for the last few years.

Marinite said...

The graph is for all of the US and so presumably all housing markets in the US comprise the data. If so, this will have the effect of smoothing out the graph. Also, because much of the country is not in bubble mode, these other non-bubble markets are likely attenuating the upswing in the graph; in other words, the graph would likely be far more extreme if just data for, say, California were included in it.

marine_explorer said...

As an acedote, I just chatted with a coworker who was in Fairfax for Sunday's auto show. Despite being heavily invested in Marin RE, he didn't see notice the enourmous amount of sale signs, commenting "I don't do Fairfax RE; Marin is strong--no worries".
This RE "immunity" concept gets kicked around a lot in Marin, but it strkes me more as a NIMBY state of mind--a state of Marin's mental isolation--than any reality. Well, I suppose you know that already. :-)