Why so much anger, John? No customers?

Why have prices dropped? Boy - here's some posts that tell you about the state of real estate agents! Why have prices dropped..., go back to school, take a statistics course and try and understand standard deviation and dispersion. One guy was right regarding who is listing and who is not. Go back to where you came from and bring your cluelessness with you. Your bringing down the counrty.

Hi Rajesh, thanks for reading my response. I will try to narrow down the data then to help you.
Based on Zillow.com's 1 year market value change http://realestate.yahoo.com/Pennsylvania/Bryn_Mawr
the average is up nearly 25k for the year.

Now, looking at the price change since Feb (-23.8%) one could infer that prices have plummeted, but more likely it is that owner's in the lower price range are listing, and those with pricier homes are pulling back from listing during this soft spot.

Hope that helps!

Chris,

I am specifically talking about Bryn Mawr's 500K+ houses, not other mainline areas like Berwyn, Devon or Wayne.

Rajesh

here is a link to the press release
you can google it, to get more detailed info
http://biz.yahoo.com/ap/080325/home_prices.html

Hi Hi,

Could you post a link pertaining to case/shiller index?
Thanks,

Raj

I deisagree with that nonsensical answer....how are you gambling your future?

they are probably 11.4% according to the case/shiller index

anyways

wait

no need to gamble with your future

good luck

The fact is, they have NOT dropped significantly. They have softened, but the average price for a $600k home on the Main Line is off by about $40k. This does not reflect the comparable conditions of those properties, so $40 is a reasonable spread.