Quote:
Originally Posted by s211
I'd hazard the simple average is being distorted by the dearth of high-end sales resulting from the 15% tax shock. Once the market adapts, that might normalize things a bit, whatever normal means these days.
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Agreed, The average price is useless here as it will be dragged down by a downturn in very expensive properties.
Isn't it fascinating that the real estate pimps used Benchmark Prices for so long when they were trying to argue the market was still affordable for locals and foreign buyers weren't a problem. Now their overstuffed commission cheques are threatened and they switch to using Average Price. Pathetic hypocrites.