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StreetEasy

YES, Condo Prices are Going Up.

Started by needsadvice
over 15 years ago
Posts: 607
Member since: Jul 2010
Discussion about
If you don't believe SteveF and I, just check the math here on the Streeteasy reports: Q4 2008--Condo resale median sale prices dropped by 9.5% to $950K Q4 2009--Condo resale median prices decreased slightly by 0.4% since last quarter to $890K Q4 2010--Condo resale median price increased by 10.2% since last quarter to $1.08M Please note the dip in 2009. I think we will see a slight dip to around $990K this year, but then we'll be up over the $1.08M in 2012. It's a bumpy graph, but it is trending upward.
Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

LucilleHasLeftAgain

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Response by JuiceMan
over 15 years ago
Posts: 3578
Member since: Aug 2007

poor swe, say that 15 years of resale data isn't enough, but draws conclusions on YOY medians. That is scary. swe also insists that removing coops from the data when talking about condos is "ignoring a significant part of the market". Wow.

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

Poor, poor, juice. Doesn't get that whole, well, math thing.

The amount of time isn't the amount of data, the datapoints are. Are the longer the datapoints are spread over, the less statistically significant the data.

> but draws conclusions on YOY medians.

Wrong again. I don't go by the YoY...

> swe also insists that removing coops from the data when talking about condos is "ignoring a significant
> part of the market".

Now, you're just lying.

I guess you've got nothing else to go on, toots...

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