what is median and average listing price?
Answers (2)
In Spokane MLS (Multiple Listing Service) data is calculated monthly and these 2 prices are tracked as well as others. Average is the sum total of real estate transactions closed that month divided by the number of real estate transactions closed that month. Median is the mid point between highest and lowest value real esate transaction closed that month.
For July 2009 the average is $194,324 slightly up from June of $192,970.
The median is $176,000 slightly down from June of $177,500.
the web reference gives you more stats
Web Reference: http://www.SpokaneHomes4u.com/mad.html
FIRST ANSWER
check out the referenced thread
Web Reference: http://www.trulia.com/voices/Market_Conditions/Need_hel...
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