Richard Bagdonas
1 min readMar 17, 2016

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It is not incorrect or misleading Josh. Venu did not correct me, he actually presented a new calculation. I calculated the average to describe my findings and he calculated the median. They are indeed different in statistics.

Median vs. Average

The median of a set of numbers is that number where half the numbers are lower and half the numbers are higher. In the case of real estate, that means that the median is the price where half the homes sold that month were cheaper, and half were more expensive.

The average of a set of numbers is the total of those numbers divided by the number of items in that set. The median and the average might be close and they might not.

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Richard Bagdonas
Richard Bagdonas

Written by Richard Bagdonas

Disruptor & Austin entrepreneur with 4 acquisitions and 2 exits to the public markets. Proud father, husband, and philanthropist. @richardbagdonas

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