It’s been a few months since we took a look at the average, median, and mode prices all together, so let’s update that chart. Here are the definitions of mode and standard deviation, for those who aren’t stats nerds. Note that for the “mode” in this chart, I have rounded every sale price to the…
Tag: mode
Average & Mode Price Falling With Median Since October
It’s been a few months since we took a look at the average, median, and mode prices all together, so let’s update that chart. One note, I thought of a way to improve on my estimate of mode price (definition of mode). Instead of generating a histogram of sale prices, then taking the midpoint of…
King Co. Average Price 30% Off Peak, Mode Down 40%
Feedback from yesterday’s data included some of you requesting that I produce a longer-range version of the plot of average, median, and mode. Your wish is my command. Here are those aggregations going back to the beginning of 2007, which is as far back as I have been able to pull detailed sales data: The…
Average and Mode Price Fell Months Before the Median
Here’s a data set that I pulled a while ago and apparently forgot to post. In the chart below, in addition to the median price metric that we usually focus on, I’ve plotted the average price as well as the mode (after bucketing prices into $50k ranges): What’s interesting to me about this chart is…