Will the US existing home median sales price be lower than $352,500 USD for February 2023?
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This question will resolve based on February 2023 data from ycharts (https://ycharts.com/indicators/us_existing_home_median_sales_price) when it becomes available.
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@JonathanMann That's a very carefully chosen threshhold!
Decline at the average rate for the past 4 months => $352,875
Decline at the average rate for the past 2 months => $352,150
And $352,500 sits right between those options.
However, the MSP of existing homes historically trends upwards from Feb through June. Superimposing this trend on the ongoing decline suggests that the decline will likely become more moderate than the average rate over the past 4 months; I'd say that even an uptick at some point towards June is not impossible.
So, I'm going with "no."