General
What Is The Spread In The Cost Of Housing?
Housing markets are typically analysed by looking at the median which is the middle value. By definition the median provides an idea of what a typical property is either selling for or valued at, but it is often forgotten there are as many properties worth less than the median as there are worth more. By looking at different valuation percentiles we can get a much better idea of the range of housing costs across a geography.
The 10th percentile value represents the lower…
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