Definitions

Median Price Definition

Median is the midpoint between high and low. Median is not the same as Average.

We watch all of the on-market properties – the homes currently listed for sale – in each of the cities and zip codes that we cover across the country, 20,000+ zip codes.

The real estate industry generally uses “Median Price” instead of “Average Price”.
Because a couple of high-end or low-end properties in a single zip code or city can skew the Average Price pretty quickly, using Median gives a more accurate depiction of local price levels.

Median Price is often a very good proxy for indicating real-time market activity.
Sellers in a market, with the help of their local real estate agent, will price their home according to other similar homes in that market. While this isn’t a perfect science, most agents and sellers tend to price their homes in close to the price where it will eventually sell. As the median price changes, this can indicate a couple of key market movements:

1. A rise in median price means that sellers are responding to more sales in their local area which means that the local market might be “strengthening” or getting “hotter” – favoring sellers, so they will ask more for their home. A fall in the median price might indicate the opposite – few homes selling at the current price levels which causes homes on the market to drop their price (see our post on Percent Price Decreased here – viewtopic.php?f=7&t=11) and for new homes on the market to price more aggressively.

2. A rise in median price could also mean that homes at the lower part of the market are selling and leaving the market. This means that the remaining homes on the market are at a higher price point, which causes the aggregated median price to rise.

When winter, feather like large tracts of snow,louis vuitton outlet store online the sky falling from the clouds.louis vuitton outlet A land of vast, high mountains, covered in this boundless snow. At first glance, the whole world is a vast expanse of whiteness. With a burst of rapid horseshoe ring. Snow on the horizon, there are several black dots. It is a line of horse galloping rider.ralph lauren australia The periphery is seven the black knight. Guarding the central one holding a sickly little boy man and a woman dressed in white beautiful woman. They obviously after a long journey and fierce battle, only a few Knights was scarred armor is full of Daofu traces,toms outlet even sit horse, is sweating, mouth kept running shot.
Ran out of two hundred or three hundred meters, suddenly,ralph lauren australia behind them over the horizon, over hundreds of thousands of arrows. These have a sharp arrow and white tail tail small dot after a brief hover flight,louis vuitton outlet like waterfall, with a sharp break empty roar, Fei Liu down, toward the front horse galloping rider.toms outlet Although the holding arm shield and sword dance airtight, but fled the knight still can not stop this wave of arrows to sit horse injury. Only heard a few horses sad hiss, three rear rider mounts series of arrows, head down to the ground.louis vuitton outlet store online Enormous inertia let the horse body out of the way in the snow, snow and blowing of black earth.
In the rush to the colorful light disease tiger under the impact of the three Knights of the shield,louis vuitton outlet store online in an instant the already dilapidated, huge impact not only will they repel more than 20 meters, will also be on their bodies,ralph lauren australia the tattered black armor tearing them apart, as was exposed rock hard, vertical and horizontal scar body.louis vuitton outlet The light tiger roaring, finally in a helpless tiger roaring sound, into streamer dissipation. When the three Knights down unbearable use shields,toms outlet their body armor has been turned into fly ash, face Qiqiao also out of deep red blood. Apparently by hit. However, they are as if nothing is general, just silently stood there, glaring eyes, staring to the hillside. Sound like thunder.