The average—or mean—adds up all of the sales prices and divides them by the total number of sales. Unusually expensive homes can skew the average price more than the median price, so buyers may prefer to look at the median sales price while considering a neighborhood. Median vs. Average...
high-priced metro area, like San Francisco or New York City: prohibitively costly. If you’re on a budget here, you’re likely better off looking for a condo rather than a freestanding house. According to Redfin, the median sale price for a D.C. condo is a significantly lower $452,...
Eventhe fixer I boughtcosts more than the median home price, and I'm probably going to end up spending at least another $130,000 to restore the home to good condition. When I look at the median income levels by age in the chart above, I get a little depressed because it's hard to...
The median sales price of these houses was $150,000 and the average (arithmetic mean) sales price was $200,000. The sales price of the most expensive house was at least three times the sales price of the least expensive house. Based on the information provided, what is the minimum ...
Like any good bubble, this belief– while rooted in truth– gets pushed to unhealthy levels. Thiel talks about consumption masquerading as investment during the housing bubble, as people would take out speculative interest-only loans to ...