Asking Prices
Posted on June 24, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Seasonally truncated mean asking price rose 4.3% from May 2012.
For those of you interested in statistics, there has been a lot written recently regarding the accuracy of the mean pricing as a true indication as to the state of the housing market and prices. A truncated mean is considered a more accurate measure than using the average price or mean pricing. The truncated price removes the top 10% and bottom 10% of the listings in each data set. An average or mean is then calculated.
Filed under: REAL ESTATE | Tagged: Real Estate