Average price real estate glossary definintion

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Real Estate Glossary

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Average price

The price of a home determined by totaling the sales prices of all houses sold in an area and dividing that number by the number of homes.

Related Terms
Median price
Asking price
Market value
Fixer-upper
Commission
Letter of intent
Starter home
Agreement of sale
Lease option
Purchase agreement
Contract for deed
Property value
Needs-based pricing
Price range
Adjusted cost basis
Contract to purchase
Private mortgage insurance (PMI)