Let’s put it this way – if you (or an agent tells you this is how they figure this) use average or even median sold prices to determine if home values have appreciated or depreciated – your information is faulty, inaccurate, dead wrong, a waste of your time . . . Here’s why, here’s the truth and here’s what you need to look at to determine, with accuracy, what the market is actually doing.
Have questions? Just post them below, or email me privately.