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To: pfony1

Fewer sales doesn't mean a decreasing average, or have any effect on average other than making it more volatile.


12 posted on 10/26/2006 1:14:52 PM PDT by Wayne07
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To: MrShoop

You may want to check you math on that. Assume:

August:
3 McMansions sell for $1,000,000 => $3,000,000
70 Townhomes sell for $100,000 => $7,000,000
Therefore, 73 homes have an average selling price of $137,000

September:
2 McMansions sell 1,050,000 => $2,010,000
73 Townhomes sell for $105,000 = >7,665,000
Therefore, 75 homes have an average selling price of $129,000

With those results, which headline might you see in the MSM?

A. "Home values rise by 5%!"
B. "Homes sales increase by 2.7%!"
or
C. "Home prices in "Free-Fall"! -- DOWN 6.2% in one month!"

Hmmmm...


"Lies, d@#m lies and statistics"...


52 posted on 10/26/2006 3:35:53 PM PDT by pfony1
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