Charlotte Real Estate

I’ve discovered when talking with clients that there is sometimes confusion between median price and average price. In a nutshell,
Median = 50% above and below the middle price point
Average= All numbers added and divided by the number of homes sold
The problem with average price is that often there may be one or two homes way on the high or low end that can skew the numbers. This often is not a fair representation of say the majority of homes in a given neighborhood or area. So unless your home is one of the odd ones very unlike the rest, then the median price range is a much better gage. You need to consult your professional realtor to be sure your home (or the home you are interested in) is one that would commonly fall in the median range.