Richard Watkins, chairman of the Central Coast Regional Multiple Listing Services
was quoted as saying “There have been some fairly expensive houses selling, which pulls the median
uo.” Robert Kleinhetnz, deputy chief economist for the California Association of Realtors eplained the
violatitlity of house prices by stating: “Fewe sales means a relatively small number of very high or
very low home prices can more easily skew medians.” Are either of these statements correct?

Question

Richard Watkins, chairman of the Central Coast Regional Multiple Listing Services 
was quoted as saying “There have been some fairly expensive houses selling, which pulls the median 
uo.” Robert Kleinhetnz, deputy chief economist for the California Association of Realtors eplained the 
violatitlity of house prices by stating: “Fewe sales means a relatively small number of very high or 
very low home prices can more easily skew medians.” Are either of these statements correct?

shadowfiend · Answer

(I guess this is being answered above.)