new york times: 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)
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)
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