Real Estate Glossary | What is Median Price??

Q: What is Median Price?

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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