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There are two major ways in which aggregate home prices are reported: median and mean (average). Prices are also calculated by square foot, using both the mean and median price. Real estate prices have had a profound impact on urban, as well as the suburban and rural landscape. The most important government measurement of home prices in the United States is the house price index. Median house prices are reported for metro areas and regions of the country by the private National Association of Realtors.
Colonial Appraisals is a Real Estate Appraisal Firm serving the North California Our Real Estate Appraisers are State Certified in California and have served the San Francisco Bay Area for many years with consulting services to lenders, investors, legal and accounting professionals, governmental agencies, and individuals. www.colonialappraisals.com