In one recent year the mean price of all new homes sold in

Last updated: 6/6/2023

In one recent year the mean price of all new homes sold in the United States was 372 500 The median price on the other hand was 272 000 Which of the two measures of average do you think is a more accurate representation of what a typical homebuyer could expect to pay for a new home Why Choose the correct answer The mean because that s the most commonly used measure of average The median because that reflects the price right in the middle of the range and a relatively small number of super expensive homes won t affect it that much The median because the mean doesn t seem very realistic O The mean because it factors in ALL of the prices not just some O The median because everyone wants to pay less for a house O The mean because if they re expecting to pay more it ll be great to end up not paying as much