Quote:
Originally Posted by Okie1dokie2
I wonder if this list is only tracking house? Or condo & townhouses as well?
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This is a good point. Per the Realtors website "...the MLS median price and sales data in the table below are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only."
So I think there are two takeaways - The sales data probably overstates the home prices in metropolitan counties, because the cheaper housing (condos/coops/townhouses) is omitted. SF might be an exception, where the numbers might be understated, because condos in the core may be equally or more expensive than detached SFH on the fringe.
A second takeaway is that the numbers may be a tad off in either direction (but probably overestimated) because this is a sampled estimate, and from a very biased source, which is highly incentivized to push a narrative of higher prices and residential shortage.