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Len Dunikoski, GRI January 26, 2014 at 12:38 pm
Jay, the information you received from the other REALTOR® is also correct; however, it refers toRead More the AVERAGE sales price and I prefer to focus on the MEDIAN sales price. In a small town like Rumson the mathematical average can be skewed by a small number of very high (or very low) priced sales, and that's why I feel the median is a more reliable indicator of what's really happening to the market.