The story, on July 16, 2009:
Yes, the median existing home sales price in Southern California was 6.4% higher in June than in May. The big cause of the jumb was buyers coming back in to the above $500k market. Homes above $500k were 19.6% of all home sales.
The number of sales climbed for the 12th straight month and the percentage that were foreclosures continue to drop. June sales were the highest for the month since 2006 but still 17.7% below the average June sales since 1988.
The story, advertised ahead of time, on March 23, when no-one believed that 666 was the bottom in the market, or we would see a bottom in housing, because the higher end homes were being foreclosed upon, thereby increasing the average sell price.
As that post ended with:
A long habit of not thinking a thing wrong gives it a superficial appearance of being right.
It's still happening!