Year-to-date, the average price of a condo is $180,701, compared with $174,658 in the first 11 months of the year. The median, or middle price, of a condo, fell to $156,000 from $159,000 in October. The median price tends to be less skewed by a few, expensive sales, so is considered a better indicator of the market than the average price.
The median price in November is up slightly from the year before inNovember, when it stood at $155,000. Year-to-date, the median price of a condo is $157,000, compared with $154,000 for first 11 months of 2003.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.