"There are lies, damned lies and then there are statistics." - Mark Twain

That quote is amusing & true.  You can prove whatever you want to prove with statistics.  Fortunately for you, Ted is only interested in keeping it real.  Most of the time, all we hear in the news is what the current Median Price is.  While that is an interesting stat, it says very little about the market on its own.  We need to investigate other categories such as  inventory, cumulative days on market, sales price vs. original list price, and others to start to see the trends that tell us the real story.  Ted hopes that this short overview will hep as you take a look at the statistics for your area.