{"id":18967,"date":"2012-02-15T09:00:05","date_gmt":"2012-02-15T17:00:05","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=18967"},"modified":"2012-02-15T11:25:11","modified_gmt":"2012-02-15T19:25:11","slug":"average-mode-price-falling-with-median-since-october","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/02\/15\/average-mode-price-falling-with-median-since-october\/","title":{"rendered":"Average &#038; Mode Price Falling With Median Since October"},"content":{"rendered":"<p>It&#8217;s been a few months since we took <a href=\"http:\/\/seattlebubble.com\/blog\/2011\/11\/22\/king-co-average-price-30-off-peak-mode-down-40\/\" title=\"King Co. Average Price 30% Off Peak, Mode Down 40%\">a look at the average, median, and mode prices<\/a> all together, so let&#8217;s update that chart.  One note, I thought of a way to improve on my estimate of mode price (<a href=\"http:\/\/en.wikipedia.org\/wiki\/Mode_(statistics)\" title=\"Wikipedia: Mode (Statistics)\">definition of mode<\/a>).  Instead of generating a histogram of sale prices, then taking the midpoint of the bucket with the most sales, this time I rounded every sale price to the nearest $25,000, then took the mode of that set.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/Average-Median-Mode25k_KingSFH_2012-01.png\" title=\"King County Single Family Home Sales\" rel=\"lightbox[18967]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/Average-Median-Mode25k_KingSFH_2012-01-600x435.png\" style=\"border: 0;\" title=\"King County Single Family Home Sales - Click to enlarge\" alt=\"King County Single Family Home Sales\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>As of January, the median price is down 35.2% from its July 2007 peak, the average is down 32.5% from its July 2007 peak, and the $25k-rounded mode is down 43.8% from its April-May 2008 peak.  Looks like lots of people are scooping up the cheap stuff.<\/p>\n<p>Hit the jump for the plot of the standard deviation, requested by the serious data geeks.<\/p>\n<p><!--more--><\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/Average-Median-Mode-StdDev_KingSFH_2012-01.png\" title=\"King County Single Family Home Sales\" rel=\"lightbox[18967]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/02\/Average-Median-Mode-StdDev_KingSFH_2012-01-600x435.png\" style=\"border: 0;\" title=\"King County Single Family Home Sales - Click to enlarge\" alt=\"King County Single Family Home Sales\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>Still no conclusive trend on the standard deviation.  In theory, a decreasing standard deviation would indicate a narrowing of the range of prices that buyers are paying for homes.  We did have a good-sized decrease between July and December, but it shot back up in January, so who knows what&#8217;s going on there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been a few months since we took a look at the average, median, and mode prices all together, so let&#8217;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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[821,149,820,822],"coauthors":[],"class_list":["post-18967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats","category-counties","tag-average","tag-median","tag-mode","tag-standard-deviation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Average &amp; Mode Price Falling With Median Since October \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2012\/02\/15\/average-mode-price-falling-with-median-since-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Average &amp; Mode Price Falling With Median Since October \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s been a few months since we took a look at the average, median, and mode prices all together, so let&#8217;s update that chart. 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