ride the see saw: An Easy Way to Explain the Difference Between Median Price and Average Price, Sometimes the Disparity Can Be Huge. Here's a Naples, Florida Twofer For Ya!
- 09/14/11 06:03 AM
What's the Difference between Median Price and Average Price. Depending on what is being portrayed the use of these terms interchangeably will confuse the best of us. Many times this is how the National media leaves the consumer with innaccurate information and in a sad and unnecessary state of FLUX! Average Price is a lot easier to understand. Add up every sale price for whatever time frame you're analyzing then divide it by the number of examples that led you to that figure and you've got the average. Example: We have Uncle Bill at 240, you at 67, Johnny at 63, Mary 56 … (21 comments)
What's the Difference between Median Price and Average Price. Depending on what is being portrayed the use of these terms interchangeably will confuse the best of us. Many times this is how the National media leaves the consumer with innaccurate information and in a sad and unnecessary state of FLUX!
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