- Jun 14, 2011
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Looks like sales dropped, not prices. Not enough houses for saleIf average prices dropped, why did the index rise?
Also, am I reading the index methodology correctly to say that if housing prices stayed flat over time, the index would decline right? It looked like it is ~20% decline over 10 years
Case-schiller is a "repeat sales" index, but that quote is for new homes.From the article:
The median sales price of new homes dropped to $361,000 in June from an all-time high of $380,700 in May, but they are still higher than they were one year ago.