Definitions for "Median price"
Keywords:  reia, reiv, lowest, suburb, unaffected
The mid-point of a range of property values that are ranked from the lowest to the highest sale price. For example, if there are five sales in a sample, which are ranked from the lowest to the highest sale price, the median value is the third sale.
is the price in an ordered set of prices below and above which there is an equal number of prices (the middle price in an odd number of prices) or is the arithmetic average of the two middle prices (in an even number of prices).
a typical market price where half the homes sold for more, half sold for less
Keywords:  mls, mediation
Mediation MLS