Module 1 · Lesson 1 of 5 · 8 min read
What Is the HPI Benchmark Price?
What the Home Price Index tells you, and what it hides
Slide 1 of 5
Average Price Is Misleading
If one $15 million mansion sells in a month full of $800K condos, the "average price" spikes, even though the typical home did not get more expensive. Average price is easily skewed by a handful of outlier sales.
Tip: Never quote average price to argue the market went up or down. It is the least reliable headline stat.
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