The middle price point when all home sales in a given period are arranged from lowest to highest. Half the homes sold for more, half sold for less. Unlike the average, the median isn't skewed by a handful of extremely high or low sales, making it a more stable indicator of what a 'typical' buyer is actually paying.
Why It Matters
When someone says 'the average home price is $1.2 million,' one $10-million penthouse sale can make that number misleading. The median gives you a more grounded sense of the market. It's the number to watch if you want to understand what most people are actually spending.
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