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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not sure how one can make a blanket statement about an area by cherry-picking three of the dingiest-looking houses they could find.[/quote]

It's pretty clear that some of you have never been through this before. The average sales price is indicative of a trend, but this is how a real estate recession works. The average or mean sales price is just indicative of a trend, but what really happens is that the "dingy not perfect" houses are impacted much more than "perfect" houses.  When the market is hot, people get desperate and overpay for houses with unfixable flaws (usually location). Perfect houses are always in demand, and may only hold their value, or have a slight decrease. The houses with flaws will sit and drop in price more. [/quote]
DP
What any given house would have gone for a year ago is a totally subjective judgment.

It is a fact that median prices are up YoY https://rocket.com/homes/market-reports/md/montgomery-county[/quote]

You realize “median prices” are based on what’s sold, not what’s sitting on the market unsold and is dependent on housing mix? Both inventory and median prices being up supports the theory that only the premium houses are selling. [/quote]

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