Sunny works as an assistant to a real estate agent. she prepares a price comparison for a client thinking of selling a house. sunny investigates the list prices and sale prices of comparable houses that have recently sold in nearby neighbourhoods.
house 1:
list price: $324 500
sale price: $315 000
house 2:
list price: $379 000
sale price: $370 000
house 3:
list price: $299 900
sale price: $295 000
a) determine the mean and median list and sale prices and the price ranges.
b) which measure would you use for estimating what the client's house might sell for? explain you choice.
2 answers