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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?

To: CVJ who wrote (99840)	4/26/2005 9:32:36 PM
From: sandintoes	Respond to of 225578

Also, though median home price is a solid gauge of a real estate market, it doesn't exactly measure the top prices in an area. The median is where half of all sales were above and half were below. So, an estate could go for $30 million and another for $20 million. But if you have enough $200,000 condo sales, the median could end up being similar to that for a place where the top price is just $5 million, but homes start at $900,000. This explains the median price so even though it's expensive, they're not all expensive...