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).


Blogger 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.

Sep 12, 2005, 10:24:00 AM  
Blogger 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.

Sep 12, 2005, 11:11:00 AM  
Blogger 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.

Sep 12, 2005, 11:15:00 AM  
Blogger 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. :-)

Sep 12, 2005, 12:19:00 PM  

Post a Comment

<< Home

Terms of Use: The purpose of the Marin Real Estate Bubble weblog (located at URL and henceforth referred to as “MREB” or “this site”) is to present and discuss information relating to real estate and the real estate industry in general (locally, state-wide, nationally, and internationally) as it pertains to the thesis that recent real estate related activity is properly characterized as a “speculative mania” or a “bubble”. MREB is a non-profit, community site that depends on community participation and feedback. While MREB administrators do strive to confirm all information presented here and qualify all doubtful items, the information presented at MREB is neither definitive nor should it be construed as professional advice. All information published on MREB is provided “as is” without warranty of any kind and the administrators of this site shall not be liable for any direct or indirect damages arising out of use of this site. This site is moderated by MREB administrators and the MREB administrators reserve the right to edit, remove, or refuse postings that are off-topic, defamatory, libelous, offensive, or otherwise deemed inappropriate by MREB administrators. You should consult a finance professional before making any decisions based on information found on this site.

The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.