Real estate pricing deals with the valuation of real estate and all the standard methods of determining the price of fixed assets apply. The median home price is one of the most common measurements used to compare real estate prices in different markets, areas and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small numbers of very highly priced home sales, or extraordinarily low priced home sales. SnapStats therefore subscribes to the principle of median measurements for data reporting purposes.

adminIs your sale price based on median measurements or mean (average) price measurements?