[retube]

Indeed. The average/median is a middling price. What's far more important for first time buyers are prices in the lower quartile.

[honkhonkpants]

Unfortunately the price compression is incredible. You can buy a structurally sound piece of crap for a million dollars, and you can buy an unsound piece of crap for $995,000, in a bidding war with ten all-cash-offer parties.

[Hydraulix989]

Indeed, look at the Millennial Tower -- you can't draw any correlations there. I'll never buy property in the Marina, even if I could afford it.