Tracking the Bust and the Misconception of ‘MEDIAN’

This week Jonathon Lansner did his recap of the Dataquick report on the Orange County real estate market. Where are we today?  And what does it really mean? The Median Sale Price as reported by Dataquick for a home in the OC was $400,000 - which brings us back to May of 2003 if you're tracking the bust backwards.  Lansner states, "That means that 53% of the 1996 to 2007 profit has evaporated." I found some other interesting tidbits on the DQNews site to report: 44.2% of sales in Ora…