Since the distribution of housing prices in a community is usually skewed right, the median measure of the center should be used for housing prices.
Median measure of the center should be used for housing prices, as it is more reliable as a measure of the price of a typical home. Real estate is almost always skewed right towards the higher prices. So the median measure is quite helpful.
Real estate professionals refer to the median price rather than the average price because it is less affected by outliers or properties that skew the perceived values in a particular housing market.
Hence, median is probably the best measure of center to use in a skewed distribution.
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