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Monthly Sales – What’s Really Happening
Median Sales Price for last 5 years
Median Sales Prices ….. Meadain means “the median is the value separating the higher half from the lower half of a daata sample. It may be thought of as the “middle” value. For example, the basic advantage of the median in describing data compared to the “average” is that it is not skewed so much by a small proportion of extremely large or small values, and so it may give a better idea of a “typical” value. For example, in understanding statistics like home values in small markets like Northumberland, which vary greatly, the mean may be skewed by a small number of extremely high or low valued homes selling. See Why Real Estate Is Like A Potato.