According to housingtracker, median asking prices are up 2.1% year-over-year in early September. We can’t read too much into this increase because these are just asking prices, and median prices can be distorted by the mix. As an example, the median asking price might have increased just because there are fewer low priced foreclosures listed for sale.
Note: The Trulia asking price index is adjusted for both mix and seasonality, but the housingtracker data is just the median, the 25th percentile and 75th percentile – and is impacted by both changes in the mix and seasonality.
But with those caveats, here is a graph of asking prices compared to the year-over-year change in the Case-Shiller composite 20 index.
Read more at http://www.calculatedriskblog.com/2012/09/housing-year-over-year-change-in-asking.html#cpq65vDb5h31CoUi.99
Read more at http://www.calculatedriskblog.com/2012/09/housing-year-over-year-change-in-asking.html#cpq65vDb5h31CoUi.99