Do All Houses go Down in Value when Median Home Prices Change?

Median home price is the measure of home prices for a market. Does that mean that all homes went up or down in value by that amount? The different types of homes and price ranges most homes are selling in can also affect median home prices.

It is very common as home prices rise to believe all homes are going up in value. In fact some go up more than others based on the desirability and others go up much less. The same is true when home price fall. Some don’t lose much value and others do.

Leave a Reply

Your email address will not be published. Required fields are marked *