Special offer

What The Meaning Of Median Price Of Home ?

By
Real Estate Agent with yourChoiceRealty.net
Median Sale Price

The median price means the middle price...in other words half of the sales prices are above the median price and the other half are below. The WRA calculates the Median price using summary data of sales prices of existing homes including condo's provided to the WRA by the Multiple listing service(s) in that area. The median price thus is an estimate of prices sold within the MLS.