My prior post showed median price appearing to have bottomed out with recent gains. Just what we read in the paper and hear on the news.  But what happens when we look at three segments of the market individually?  Traditional Sale median price is down, Foreclosure median price is down and Short Sale median price is down.  How can all three be down, yet when these sales are pooled together, we see an increase in the median?

The answer lies in the mix of sales.  If more sales occur in the higher priced segment, and fewer at lower prices, the median for all sales rises.  So we have not found the bottom price-wise, but it is good to see Traditional sales gaining ground compared to distressed sales.