We know that median prices are a terrible way to gauge pricing, but they can indicate the relative temperature of the higher-end market. If we see the median price rising, then there are more of the higher-end homes selling than in the previous period.
Here are the year-over-year median-price comparisons for detached sales around North San Diego County’s Coastal region for the second quarter, and first half of the year (from our MLS):
Town or Area | ||||||
SE Carlsbad, 92009 | ||||||
SW Carlsbad, 92011 | ||||||
Encinitas, 92024 | ||||||
RSF, 92067/91 | ||||||
Del Mar/Solana | ||||||
Carmel Vly, 92130 | ||||||
NSDCC |
The TV talking heads will have a field day if the median prices are trending lower after everyone has been calling bottom, but all we really know is that the lower-end has been hotter than the higher-end.