Answer by Chris Warmuth
Thanks for your question, I hope I can answer it for you in a way that makes sense. If I understand your question properly, it means basically that homes that are being put new on the market (list...
View ArticleAnswer by James Hsu
An average number is very influenced by the numbers on the extreme. Median number is less influenced. For instance, there are 5 people who's ages are 1, 2, 3, 4 and 55. If we want single number that...
View ArticleAnswer by Spokane Real Estate Expert - Ross Quintana
Yeah, the two numbers don't work together. It's better to have an agent tell you what is going on in a neighborhood. Otherwise the answers are garbage. plucking two numbers and asking for meaning is...
View ArticleAnswer by Roxanne Kasperson
The question you pose makes me smile...not because its funny, but because real estate has become such a weird place. Our market is so funny isn't it? Its the same thing I have tried to explain to some...
View ArticleAnswer by Bruce McKinnon
Good question. First, while I know you stated that you knew the definitions of the two (median and average), to answer, I have to repeat what you already know. Median price = 50% above and below the...
View ArticleAnswer by Sheltonzz
A more meaningful gauge of home prices is the Case-Shiller report that actually compares the price that a house sold for verus what the same house or same model sold for previously. This is done my...
View ArticleAnswer by Chris Hutchens
This is all fine and dandy!! But why does Trulia confuse the issue and these different in different markets? http://www.trulia.com/real_estate/Loveland-Colorado/...
View ArticleAnswer by T Carter
Everyone so far has made good attempts to answer your question based on the info you gave, but it's really not logical to compare an average list price to a median sales price. The average and median...
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