OK, we all know that buying a home in California comes at a price. And that price is steep compared to most of the country. But, there are still affordable communities in and around the Bay Area. So we thought it would be a good idea to do a comparison between what kind of home […]
Articles about the Median Sales Price of Real Estate
What’s the Difference Between Average Sales Price, and Median Sales Price?
In real estate, half of the homes in an area sell above the median price, and half of the homes sell below the median price. So, the middle price.
The average—or “mean”—adds up all the sales prices of the homes sold, and divides by the number of houses sold.
