Average is when you take the total sales volume divided by the number of sales. Median is the exact middle sales price meaning that 50% of homes sold below the median price and 50% sold above the median price. Average price is always higher than median because the higher priced homes drives the average sales price higher.
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What’s the difference between average and median
Average is when you take the total sales volume divided by the number of sales. Median is the exact middle sales price meaning that 50% of homes sold below the median price and 50% sold above the median price. Average price is always higher than median because the higher priced homes drives the average sales price higher.