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It doesn't say what the time period is (guessing it is a year?) but I wonder if part of it is that homes have dropped a price range or two since last year so the distribution of homes available and sold has shifted?
For example, if houses have lost 30% of their value in this, err, "correction" then last year's 300K house is today's ~200K house. So those may not be static categories year to year.
The higher end homes were the last to start being affected by the 'crash' in our area. Those people had more resources to hang on and were either set up properly or hadn't lost their jobs. But, eventually everyone had the times creep on them. Plus, you also had and still have restrictions on jumbo loans, so... They'll be the last to 'recover' also.
Prices in Newport Coast, a tony enclave in Orange County, CA, are down by 20% and other wealthy cities in south OC are hurting, too.
California housing sales fell 12% (http://www.businessweek.com/ap/financialnews/D9APPNO00.htm - broken link) in August compared to the same time last year.
I think the ranges vary from area to area, but overall, I think that is a fair statement. In my area, houses under $150,000 are selling very well still, stepping up from there. Prices in that range are stable at this point here as well.
Do you think the numbers are false or that the housing market is back like it was?
No, neither. But stats are useless in an argument unless you know what they are, where they are from, and who is providing them. Are these stats local to your market? Are they national? What time period do they cover? Where do the stats come from?
2008 was a record year for high end ( >$1MM) sales in my area. This skewed our averages so that it appeared that home values appreciated compared to 2007.
2009 is a record year for the entry point ( $400-$500K) sales in my market. When 2009 is compared to 2008 averages, it looks like we fell off a cliff.
Averages reflect the price point of dominate sales in a given year and are not representative of the true market in areas with a broad price range.
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