Stats dressed up as facts...

As noted earlier, the stats show, for the Lake Oswego/West Linn market, a December drop in both the average (down 5%) and median (down 4%) price of housing, the first time this has happened in at least two years. Quelle horreur!!

Ah, but chill. Last year condos represented 14% of the closed sales, this year 25%. A flood of condos hit the market – in fact the entire Portland area – and their lower price point brought the aggregate down. With the exception of three bedroom single family homes, which were essentially even, all categories, including condos, were up substantially over 2005…