Each month, SWMLS Director Michelle Smith will provide her insight on specific data from the Green Sheet.

In this month’s The Stat That Matters, Michelle Smith breaks down the difference between average and median—and why it matters when analyzing home prices. Whether you’re advising clients or reading market reports, understanding this key stat can change the whole picture.

To view the latest Market Statistics, visit https://www.gaar.com/market-statistics

Pro Tip: Compare your median to the average-if the average is higher than the median, this indicates more outliers on the higher end, when the average is below the median, it’s a result of have more low-lying outliers!