Monthly Archives February 2015

Median Vs. Average…and the winner is?

Median Price Vs. Average Price Often times in real estate statistics, we refer to median price and average price.  So which is better? To arrive at the average price, one would take the sum of the values and divide it by the number of prices being analyzed. This would give you the average. Median price would be the number where half the numbers are lower and half the numbers are higher. In Real Estate, that means the median is the price where half the homes sold that month were less expensive and half were more expensive. Below are 2 examples
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