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Houses Price Index and Sales Statistics
The House Price Index, or HPI, takes into consideration more than just the sale price, and the data is cleaned up to remove extreme outliers. The final data gives a trend in the market.
The Median Sale Price
is usually chosen over the mean as it is not effected by extreme outliers. There is an equal number of sales both below and above the median sale price.
This is not intended to induce a breach of an existing agency relationship. If you have an agent, you should be contacting your agent.If you are not working with an agent and it is time to take this search for a home seriously, we want to hear from you!
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