I was looking at the latest housing statistics for our Wenatchee real estate market the other day and got to wondering what "median money" bought in other markets across the country. Our median price as of this month is $248,500 (up from $224,000 last year at this time)
Here is a link to a few "median money" houses in the Wenatchee, Washington market area. This link will be active for 30 days. I am curious about two things:
What is the median price in your market? AND
What kind of a house does "median money" buy in your market?
I prefer to discuss "median" (instead of average) because that means an equal number of houses are sold for a higher price and a lower price. "Average", in comparison, averages all the sales by totalling the dollar volume and dividing by the number of sales. To me this average number can be distored by an inordinate amount of high end (or low end) homes. Our "average" price right now is $287,411.
For those of you who want to participate, please comment with:
* A link to some "median" priced homes in your market AND
* A link to what "$248,000 will buy in your market. I think it's fun to compare markets across the country.
Thanks and have a great day!

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