The median house price in Red Deer, Alberta, is $319 100.00. What does this tell you about the housing market?
A) Half the homes in Red Deer cost more than $319 100.00 and half cost less than $319 100.00.
B) this is average house price in Red Deer.
C) This is the most common house price in Red Deer.
D) None of the above.
A) Half the homes in Red Deer cost more than $319 100.00 and half cost less than $319 100.00.
This tells you that the housing market in Red Deer is fairly balanced, with an equal number of homes priced above and below $319 100.00.