What's the difference and why it matters
The real estate market has been a hot topic of conversation in Central Oregon for the last several years, and especially in the last year. There's no shortage of news stories about the market activity and particularly the growth in the median home prices around Central Oregon. When shopping for a home or reading and watching the news, a person will often hear discussion about the median and mean prices when talking about home prices in various areas of the region.
This can and usually does result in confusion. Let me break it down.