The median price is a way to measure the typical price of a home or other real estate property. It is calculated by taking the middle value from a list of all the prices of similar properties that have recently been sold. So, if there are ten properties that have been sold and their prices are listed in order from lowest to highest, the median price would be the fifth one on the list.
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What does median price mean?
Related terms
Tenancy By The Entirety
Assessed value
Median Price
Craftsman Style
Bylaws
Commingling
Owner-occupied Property
Investment Property
Gift
Payment Cap
Gross Up
Purchase Agreement
Annual Mortgagor Statement
Built-Ins
Assignment/Subletting
Subagent
Federal Housing Administration ( FHA)
Fixed-rate mortgage
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