The median house price in Red Deer, Alberta, is $319 100.00. What does this tell you about the housing market?

Question

Half the homes in Red Deer cost more than $319 100.00 and half cost less than $319 100.00.

This is average house price in Red Deer.

This is the most common house price in Red Deer.

None of the above.

Answer 1

Half the homes in Red Deer are priced higher than $319,100.00 and half are priced lower, indicating that the housing market in Red Deer is diverse and offers a range of options for potential buyers.