Bellingham Real Estate Blog

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Statistics - Which is better indicator of the market, median or average?

What is the most accurate way to evalute statistics.

The Northwest MLS offers average sales price and median sales price. I just did an analysis for Bellingham comparing sales for Jan 2007 and Jan 2006. The average price was a 14% increase the median was a .8%

Quite a differnce.

Anybody have any input on this issue

2 commentsMichael Eisenberg, Bellingham Realtor • February 05 2007 02:03PM