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What is the difference between the Average Sales Price and the Median Sales Price?

April 26, 2017average difference median price sales

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What is the difference between the Average Sales Price and the Median Sales Price?

1 Answer

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10 Posted

The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold. The Median Sales Price is the Sales Price at which half of all sales are above and half are below. Sometimes the Median Sales Price is a better indication of the actual market than the Average Sales Price.