Real estate blog entries tagged with mean by Gene Riemenschneider East Contra Costa Home Sales 01492725 (Home Point Real Estate)

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Home : Blogs : Gene Riemenschneider East Contra Costa Home Sales 01492725 : Gene's East Contra Costa Real Estate Blog : Tag "mean"

mean: Average, Median, and just plain Mean! - 04/21/09 04:47 PM

I have been asked about the difference in these terms and now offer a brief explanation:
Average: You had everything together and divide by the number of units. For example if 10 houses sell you add up the total cost and divide by 10.
Median: The house in the middle of a price range. I’m not sure which way my data base jumps when there is an even number in a range. For example if 11 homes sold and you ordered them from least expensive to most expense the one in the middle would be the Median Price.
Mean: Is the … (2 comments)

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Gene Riemenschneider East Contra Costa Home Sales 01492725

Brentwood, CA

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