Data source: US Census Bureau
And an excerpted commentary from DJ Newswire (my emphasis):
"The market is bedeviled by foreclosures. Buyers are gobbling distressed property, priced cheaply, and passing up on new homes [...] The median home price dropped 15.4% to $170,200 from $201,300 in April 2008."
C/F the renewed foreclosure wave referred to in yesterday's post.