Thomas Wagner

Real Estate Values: The Real Truth

Given your 1st assumption :

" The median house size increased because of new construction, with typical homes exceeding 2,100 square feet versus existing homes with a median square footage of 1,850."

Assuming argumento that this is correct any mesure of median home price would under estimate the move in price per square foot since median sq ft has increased as well.

Since avg sq ft has increased by 13.5% a median home price fall of 19.5 % should be adjusted upwards by (.135X.195) or 2.6%. This would give you an adjusted price decline of 22.13%.

Your article seems to suggest the inverse. Please correct me if Im reading this wrong ( anyone)