07-19-2007, 11:43 AM
The statistics game with real estate transactions is just as prone to interpretation and manipulation as things like opinion polls and consumer prices. As a graduate student, I had to suffer through several statistics courses since I was doing a research survey for my master's thesis. The use of a median instead of an average in the Advertiser's report is actually considered more accurate given the relatively small sample. The reason for this is that with an average, a few extremely large sales in a relatively small pool of transactions will have an impact out of proportion to their importance in the everyday range of occurences.
As I mentioned earlier, the relatively small number of transactions in the relatively short span of one month causes me to question if this is big trend or not. If these sorts of numbers hold up for another month or two, it could be significant. My own very non-professional opinion is that the local real estate market may finally be finding its bottom and stabilizing point before some normal long-term appreciation increments kick in. In any case, the boom has been over quite a while now. JMHO.
Cheerfully enjoying my Puna home,
Jerry
Edited by - JerryCarr on 07/19/2007 15:45:24
As I mentioned earlier, the relatively small number of transactions in the relatively short span of one month causes me to question if this is big trend or not. If these sorts of numbers hold up for another month or two, it could be significant. My own very non-professional opinion is that the local real estate market may finally be finding its bottom and stabilizing point before some normal long-term appreciation increments kick in. In any case, the boom has been over quite a while now. JMHO.
Cheerfully enjoying my Puna home,
Jerry
Edited by - JerryCarr on 07/19/2007 15:45:24