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Graham M. Lo…, Real Estate Pro in Franklin, TN

Prices Fall The median sales price fell 4.6 percent to $201,100 from January 2007. The median cost of a

Asked by Graham M. Lombardo, Franklin, TN Tue Feb 26, 2008

single-family home decreased 5.1 percent to $198,700, while that of condominiums and co-ops fell 1 percent to $220,400. These figures quoted for January 2008. Can somebody explain the difference between the two? I understand what median means, but I'm a little confused on why it's different from the median cost
Thanks!

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