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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?
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