existing home sales: It Doesn't Matter That The Median Home Sale Price Rose In March 2008 - 06/02/08 01:35 PM
The National Association of REALTORS released its Existing Home Sales report for March 2008. An "existing home" is one that is not considered new construction. A sub-headline in the report showed that the median sales price of all homes sold in March increased by 2.5 percent to $200,700. But don't assume that the housing market is improving because of a statistic like that because in the field of Statistics, median is just the "middle" in a group of numbers. With respect to the Existing Home Sales, the median sales price is the price point at which half of all homes sold … (0 comments)

existing home sales: Why "Median Sales Price" Reports Aren't Helpful For Housing Markets - 05/12/08 08:48 AM
Each month, the Commerce Department and the National Association of REALTORS release national housing data. The former's release is called the New Residential Sales report and the latter's is called the Existing Home Sales report. Both reports highlight the "median sales price", the point at which half of the homes in the U.S. sold for more, and half sold for less. Last month, the median sales prices were as follows: Existing homes: Down 8.2 percent New homes: Down 2.7 percent The very definition of "median", however, makes this data point useless for national housing statistics. If a large amount of homes … (0 comments)

 
Mike Rosen (Provident Team Real Estate)

Mike Rosen

Leesburg, VA

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Provident Team Real Estate

Address: 20130 Lakeview Center Plaza, Suite 430, Ashburn, VA, 20147

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