Charting the housing slide
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A quickie: A lot of us on this blog have spent a fair amount of time bickering over which housing statistics best capture market reality. It strikes me that they’re all starting to capture the same reality:
According to Housing Tracker, median listing prices in greater L.A. have declined 14.6% from year-ago levels and 18.9% from their peak.
According to DataQuick, median sales prices in Los Angeles have declined 11.9% from year-ago levels and 16.7% from their peak.
According to the Case-Shiller home price index, home prices in Los Angeles dropped 13.7% over the past year.
Not a whole lot of difference.
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Photo Credit: AP